According to the order-book statistics, which are based on single-counting of all transactions in the Xetra order-book and broker-supported trading on the floor, the total equities turnover posted on the German stock exchanges in 2003, with some 911 billion euros in volume, was about even with the previous year's level (2002: 957 billion euros). About 860 billion euros of this total was traded in German equities (2002: 894 billion euros), and some 51 billion euros in foreign equities (2002: 63 billion euros).
The funds listed in the XTF segment showed a substantial increase in volume in 2003, in what was a weak market environment overall: This year's annual volume comes to about 39 billion euros - corresponding to 18 percent growth compared with the previous year (2002: 33 billion euros) and a 62 percent increase compared with 2001 (24 billion euros). In 2003, 13 ETFs and one actively managed fund were newly admitted in XTF, including the first fixed-income ETFs in Europe. The segment launched in April 2000 for trading in ETFs and actively managed funds has thus completed its most successful year to date.
The Xetra share of the trading in equities rose further again this year. Some 72 million transactions were executed on Xetra in 2003, about 20 percent more than the year before (2002: 60 million transactions). In the DAX blue chips, the Xetra share this year came to roughly 97 percent (2002: 96 percent; 2001: 94 percent). Xetra also further expanded its market share of the MDAX volume, to roughly 90 percent (2002: 84 percent; 2001: 74 percent).
