The order book statistics, which are based on single counting of all transactions in the order book of Xetra and broker-supported trading on the floor, show that the German stock exchanges generated an equities turnover of €69 billion in August. €65.1 billion of this total relates to trading in German equities, with foreign equities accounting for €3.9 billion.
Around 97 percent of volume traded in German equities in August was posted on the Frankfurt Stock Exchange for Xetra and the floor. 78% of foreign equities were traded on the Frankfurt Stock Exchange. 5.4 million transactions were executed on Xetra in August - up two percent month-on-month (July 2004: 5.3 million).
According to the Xetra liquidity measure (XLM), Siemens AG was the most liquid equity on the DAX® in August with 6 bp for an order volume of €100,000. Puma was the most liquid MDAX® stock with 24 bp. The most liquid equity-based exchange traded fund was the DAX EX with 5 bp. The most liquid foreign stock was Royal Dutch with 9 bp. XLM is a measure of liquidity in electronic securities trading based on 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.
Siemens was the highest-volume DAX blue chip on Xetra in August with €5 billion in shares traded. Puma was the top MDAX stock with €543.9 million. Indus was the leading SDAX® stock with €14.2 million, and T-Online topped the TecDAX® with €292 million. At €1.1 billion, the DAXEX was once again the exchange traded fund with the largest turnover.
DAX®, MDAX®, SDAX® and TecDAX® are registered trademarks of Deutsche Börse AG.
The complete statistics can be downloaded by clicking here.
