Based on the total turnover statistics, a total volume of €470.5 billion was traded on all German stock exchanges in March 2006 – a rise of 54 percent year-on-year (March 2005: €306 billion). This total included €430.4 billion in equities, warrants and exchange traded funds, as well as €40.1 billion in fixed-income securities.
Xetra showed a new record in trades. In March, 9.6 million transactions were executed on Xetra – 45 percent more year-on-year (March 2005: 6.6 million). In comparison to the first quarter of 2005, the number of trades on Xetra rose by 37 percent.
According to the Xetra liquidity measure (XLM), Allianz was the most liquid DAX® blue chip in March with 4 bp for an order volume of €100,000. AMB Generali was the most liquid MDAX® stock with 15 bp. The most liquid equity-based ETF was the DAXEX with 3 bp. The most liquid foreign stock was Total with 10 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 (1 bp = 0.01 percent) for a roundtrip in the Xetra order book.
Allianz was the strongest DAX stock on Xetra in March at €10.5 billion. Merck was the top MDAX stock at €1.2 billion, while Deutz led the SDAX® stock at €87.5 million and Solarworld headed the TecDAX® at €667.9 million. At €3 billion, the DAXEX was once again the exchange traded fund with the largest turnover.
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