"Investors have recognized the advantages of the new Xetra Dutch Stars segment: They benefit from the high liquidity and low costs," said Volker Potthoff, member of the Executive Board of Deutsche Börse AG. "The new segment on Xetra offers investors continuous trading, low trading fees and low-cost settlement".
Volume of some 74 million euros has been traded in Dutch equities on Xetra in the first two weeks of trading. In the ten weeks before the lauch of the segment, about 20 million euros in volume was being traded on average per week. Xetra currently has a market share of 49.4 percent. The expanded Xetra share was gained against trading on the floor of the regional German stock exchanges as well as of the Frankfurt stock exchange (FWB Frankfurter Wertpapierbörse). The regional exchanges' share of the market declined from 21 percent to three percent; FWB's share of this market has dropped from about 55 percent to some 47 percent in the last two weeks.
The segment Xetra Dutch Stars contains the seven Dutch equities in the Dow Jones Euro STOXX 50 index: ABN Amro Holding NV, AEGEON NV, Ahold NV, ING Groep NV, Philips Electronics NV, Royal Dutch Petroleum NV and Unilever NV. Wolfgang Steubing AG will join the three current Dutch Market Experts - AOT Stock Specialist, Baader Wertpapierhandelsbank and Van der Moolen - on December 4, 2001. Dutch Market Experts provide for additional liquidity in the equities of the Xetra Dutch Stars.
