According to the orderbook statistics, which are based on single counting of all transactions in the orderbook of Xetra and broker-supported trading on the floor, the total turnover in equities on the German stock exchanges was 80.3 billion euros in June - about 22 percent higher than the month before (May 2003: 66 billion euros). Of this volume, 76.3 billion euros was traded in German equities, and 4 billion euros in foreign equities.
In June, some 99 percent of the volume traded in German equities was posted on Xetra and the floor of the Frankfurt Stock Exchange (FWB Frankfurter Wertpapierbörse). In the foreign equities, 83 percent of the volume was traded on Xetra and the Frankfurt trading floor. Some 6 million transactions were executed on Xetra in June (June 2002: 5 million transactions).This brought the total number of transactions on Xetra to 35.6 million for the first half of 2003 - about 34 percent more than in the first half of 2002 (26.5 million).
Deutsche Bank was the most liquid DAX® equity in June based on the Xetra Liquidity Measure (XLM), with 10 bp for an order size of 100,000 euros; in the MDAX®, Buderus was highest again, with 15 bp. The most liquid equity-based exchange-traded fund was the DAX EX with 9 bp. XLM analyzes the liquidity in electronic securities trading based on the implicit transaction costs and is calculated in basis points (1 bp = 0.01 percent) for all securities in continuous trading, for a roundtrip in the Xetra orderbook.
Allianz was the highest-volume DAX blue chip in June, with 6.8 billion euros traded in its shares. Puma was the leading MDAX stock with 363.4 million euros in volume traded, and T-Online, the top TecDAX® stock, with 255.5 million euros in share turnover. The highest-turnover exchange-traded fund was again the DAX EX with some 1.5 billion euros in volume traded.
