Based on the aggregate statistics, a total volume of 294 billion euros was traded on the German stock exchanges in February. The February total comprises 225.3 billion euros in equities, warrants and exchange-traded funds as well as 68.7 billion euros in fixed-income securities.
About 97 percent of the volume traded in German equities in February was posted on Xetra and in trading on the floor of the Frankfurt Stock Exchange (FWB Frankfurter Wertpapierbörse). In foreign equities, 83 percent of the volume was traded through Xetra and on the Frankfurt trading floor. Some 5.9 million transactions were executed on Xetra in February - some 21 percent more than the year before (February 2003: 4.9 million transactions).
Siemens AG was the most liquid DAX blue chip in February based on the Xetra liquidity measure (XLM), with 6 bp for an order size of 100,000 euros. Celanese was the most liquid MDAX stock, with 13 bp. The highest-liquidity equity-based exchange-traded fund was the DAXEX with 5 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 Telekom was the highest-volume DAX blue chip in February with 6.6 billion euros in shares traded. Hannover Rückversicherung was the top MDAX stock with 481.5 million euros in volume. MPC was the leading SDAX stock with 28.9 million euros traded in its shares, and T-Online the top TecDAX stock with 309.5 million euros in share volume. The DAXEX was again the highest-turnover exchange-traded fund, with some 1.4 billion euros.
The complete statistics can be downloaded by clicking here.
