Deutsche Börse: Xetra Established As Trading Platform For US Equities - Further Increases In Turnover On Xetra

One month after the launch of the new U.S. segment, Xetra's position as a trading platform for U.S. equities has expanded further. Last week, the fourth week of trading since the segment was launched on September 24, a volume of 144.6 million euros in U.S. stocks was traded on Xetra; this means that turnover increased by 47 percent compared with the third week of trading. A total of 389.4 million euros in volume was traded in the some 200 U.S. equities on Xetra during the first four weeks of trading in this segment, with an average daily volume of 19.5 million euros.

The Xetra market share during the fourth week of trading was about 35 percent - 6 percentage points higher than the week before. The rise in trading on Xetra was posted at the expense of trading on the floor in Frankfurt and at the regional exchanges. The Frankfurt Stock Exchange's share of the total slipped from 51 percent during the third week of trading to 44 percent in the fourth week. The market share of the regional exchanges stagnated at 20 percent and was 23 percent when the segment was launched.

Deutsche Börse's U.S. segment contains the some 200 U.S. stocks in the indexes Dow Jones Industrial Average, S&P 100, Nasdaq 100 and Global Titans 50, the so-called "Xetra US Stars".