In March €253.7 billion were turned over on Xetra and on the floor of Börse Frankfurt – a rise of 57 percent year-on-year (March 2006: €161,1 billion). Thereof €239 billion were traded on Xetra gaining 61 percent year-on-year (March 2006: €148 billion) and €14.6 billion on the floor. A plus of 10 percent compared to March last year (March 2006: €13.2 billion). German equities accounted for €239.5 billion, foreign equities comprising €10.6 billion. More than 97 percent of the transaction volume with German equities was executed at Börse Frankfurt. Almost 79 percent of foreign equities were traded on Xetra and on the floor.
In the entire month 14.6 million transactions were executed on Xetra, a rise of 52 percent year-on-year (March 2006: 9.6 million).
According to the Xetra liquidity measure (XLM), Deutsche Bank AG was the most liquid DAX® blue chip in March with 5 basis points (bp) for an order volume of €100,000. Puma AG was the most liquid MDAX® stock with 15 bp. The most liquid equity-based ETF was the DAX EX with 4 bp. The most liquid foreign stock was ING Groep with 11 bp. XLM measures liquidity in electronic securities trading on the basis of the implicit transaction costs. It is expressed in basis points (1 bp = 0.01 percent); a low XLM denotes high liquidity in a security.
Volkswagen AG was the strongest DAX stock on Xetra in January at €22 billion. Merck KGAA was the top MDAX stock at €1.43 billion while Air Berlin AG led the SDAX® stock at €202.5 million and Solarworld AG headed the TecDAX® at €977.7 million. At €3.66 billion, the DAX EX was once again the exchange-traded fund with the largest turnover.
On all stock exchanges in Germany €274.7 billion were traded in March according to orderbook turnover statistics – a rise of 53 percent compared year-on-year (March 2006: €179.1 billion). This total included €265.1 billion in equities, warrants and exchange-traded funds, as well as €9.6 billion in fixed-income securities.
