Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index: 80,041.52 -308.34

Deutsche Börse: Equities Turnover In July Up 4 Percent Month-On-Month - Total Turnover Of €244 Billion On German Stock Exchanges - More Transactions On Xetra

Date 02/08/2004

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, show that the German stock exchanges generated an equities turnover of €75.7 billion in July - up by around 4 percent month-on-month (June 2004: €72.8 billion). € 70.9 billion of this total relates to trading in German equities, with foreign equities accounting for € 4.8 billion.

Based on the aggregate statistics, a total volume of € 244.2 billion was traded on the German stock exchanges in July. This total includes €193.3 billion in equities, warrants and exchange traded funds, as well as €50.9 billion in fixed-income securities.

Around 97 percent of volume traded in German equities in July was posted on the Frankfurt Stock Exchange for Xetra and the floor. 82% of foreign equities were traded on the Frankfurt Stock Exchange. 5.3 million transactions were executed on Xetra in July - up five percent month-on-month (June 2004: 5 million).

According to the Xetra liquidity measure (XLM), Siemens AG was the most liquid equity on the DAX® in July with 5 bp for an order volume of €100,000. Puma was the most liquid MDAX® stock with 22 bp. The most liquid equity-based exchange traded fund was the DAX EX with 5 bp. The most liquid foreign stock was Royal Dutch with 8 bp. XLM is a measure of liquidity in electronic securities trading based on 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.

Siemens was the highest-volume DAX blue chip on Xetra in July with €5.9 billion in shares traded. Puma was the top MDAX stock with €716.5 million. Indus was the leading SDAX® stock with €12.5 million, and T-Online topped the TecDAX® with €228.1 million. At €1.2 billion, the DAXEX was once again the exchange traded fund with the largest turnover.