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According to 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, a total of 87.4 billion euros in volume was traded in equities on the German stock exchanges in October - about 12 percent higher compared with the previous year's level (October 2002: 77.9 billion euros). Of this total, 82.6 billion euros was traded in German equities and 4.8 billion euros in foreign equities.
Some 99 percent of the volume traded in German equities in October was posted on Xetra and on the floor of the Frankfurt Stock Exchange (FWB Frankfurter Wertpapierbörse). In the foreign equities, 81 percent of the volume was traded through Xetra and the Frankfurt trading floor. Some 6.5 million transactions were executed on Xetra in October.
Siemens AG was the most liquid DAX® blue chip in October based on the Xetra Liquidity Measure (XLM), with 9 bp for an order size of 100,000 euros. In the MDAX®, Puma was highest with 35 bp. The most liquid equity-based exchange-traded fund was the DAX EX with 5 bp. XLM analyzes the liquidity in electronic securities trading, based on the implicit transaction costs for a roundtrip in the Xetra orderbook, and calculated in basis points (1 bp = 0.01 percent) for every security in continuous trading.
In October, Allianz was the highest-volume DAX blue chip on Xetra with 6.3 billion euros traded in its shares. Beiersdorf was the leading MDAX stock with 723.6 million euros in volume traded; Holsten was the top SDAX® stock with 21.8 million euros in shares traded and T-Online the top TecDAX® stock with volume of 338.1 million euros traded in its shares. The highest-turnover exchange-traded fund was again the DAXEX with some 2.4 billion euros in volume traded.
