Based on the orderbook statistics, including trades in the Xetra orderbook and specialist supported floor trading, trading on all German stock exchanges reached €212.9 billion compared with €95.5 billion in the corresponding month last year. The orderbook turnover in May is just under the record month March 2000 (€218 billion). However, a new Xetra orderbook turnover was achieved. In May 2006, Xetra trading represented €178.5 billion compared with €79.7 billion in the previous month, and broke the old record of €148 billion in March 2006. Orderbook trading in German stocks represented €183.7 billion with €13.7 billion trading in foreign stocks.
In May around 11.6 million trades were executed on Xetra. This was a new record, and exceeded the same month last year by 91 percent (May 2005: 6.1 million trades).
According to the Xetra liquidity measure (XLM) Schering was the most liquid DAX® stock with 2 bp for an order volume of €100,000. Puma was the most liquid MDAX® stock with 19bp. The most liquid equity-based ETF was the DAX® with 4bp. The most liquid foreign stock was ING with 11 bp. XLM is a measure of liquidity in electronic securities trading based on the implicit transaction costs and is calculated for securities in continuous trading in basis points (1bp=0.01 percent) for a roundtrip in the Xetra order book.
Deutsche Bank was the strongest DAX® stock on Xetra in May at €13.2 billion. Salzgitter was the top MDAX® stock at €1.2 billion, while Sixt led the SDAX® at €109.6 million and Solarworld headed the TecDAX® at €1.7 billion. At €3.8 billion, the DAXEX was once again the exchange traded fund with the largest turnover.
