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Based on the aggregate statistics, a total volume of 245.9 billion euros was traded on the German stock exchanges in May - a rise of 4 percent on a year to year basis. The May total comprises 199 billion euros in equities, warrants and exchange-traded funds as well as 46 billion euros in fixed-income securities.
About 97 percent of the volume traded in German equities in May was posted at the Frankfurt Stock Exchange on Xetra and in trading on the floor (FWB Frankfurter Wertpapierbörse). In foreign equities, 83 percent of the volume was traded through Xetra and on the Frankfurt trading floor.
Deutsche Bank AG was the most liquid DAX blue chip in May based on the Xetra liquidity measure (XLM), with 6 bp for an order size of 100,000 euros. Puma was the most liquid MDAX stock, with 26 bp. The highest-liquidity equity-based exchange-traded fund was the DAXEX with 6 bp. XLM is a measure of the liquidity in electronic securities trading based on the implicit transaction costs and is calculated in basis points (1 bp = 0.01 percent) for every security in continuous trading, for a roundtrip in the Xetra order book.
Deutsche Bank was the highest-volume DAX blue chip in May with 6 billion euros in shares traded. Depfa Bank was the top MDAX stock with 752.2 million euros in volume. MPC was the leading SDAX stock with 21.4 million euros traded in its shares, and T-Online the top TecDAX stock with 210.9 million euros in share volume. The DAXEX was again the highest-turnover exchange-traded fund, with some 1.3 billion euros.
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