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 2004, with some 993 billion euros in volume, increased by 9 percent year-on-year (2003: 911 billion euros). About 929 billion euros of this total was traded in German equities (2003: 860 billion euros), and some 64 billion euros in foreign equities (2003: 51 billion euros).
The Xetra share in equities trading rose further again this year. In MDAX stocks Xetra further expanded its market share to 92 percent (2003: 90 percent; 2002: 84 percent; 2001: 74 percent). In DAX blue chips, the Xetra share remained at 97 percent (2003: 97 percent; 2002: 96 percent; 2001: 94 percent).
The Frankfurt Stock Exchange has further expanded its position as the leading retail stock exchange in 2004. 98 percent of trading in German equities takes place on Xetra and the floor of the FWB Frankfurter Wertpapierbörse (Frankfurt Stock Exchange). The Frankfurt floor is the most liquid market place and market leader with a share of 65 percent in retail trading on the floor in Germany. With Smart Trading, the retail offer of the Frankfurt Stock Exchange, the brokers on the Frankfurt floor guarantee the order execution without partial executions for trades up to 10,000 euros in the DAX blue chips with maximum spreads of 0.3 percent, and for trades in TecDAX and MDAX stocks up to 3,000 euros with maximum spreads of 1 percent from 9 am till 8 pm.
