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Based on the aggregate statistics, the €339.8 billion total volume traded on all German stock exchanges in November was 27 percent higher than last year’s level (November 2004: €268.6 billion). This total included €292.8 billion in equities, warrants and exchange traded funds, as well as €47 billion in fixed-income securities.
In November, 97 percent of transactions with German equities were executed on Xetra and on the floor of the Frankfurt Stock Exchange (FWB). In foreign equities, 76 percent were traded on Xetra and the floor of the Frankfurt Stock Exchange. 7 million transactions were executed on Xetra in November – an increase of 13 percent year-on-year (November 2004: 6.2 million transactions).
According to the Xetra liquidity measure (XLM), Allianz was the most liquid DAX® blue chip in November with 3 bp for an order volume of €100,000. Puma was the most liquid MDAX® stock with 17 bp. The most liquid equity-based ETF was the DAXEX with 4 bp. The most liquid foreign stock was Royal Dutch 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 highest-turnover DAX stock on Xetra in November with €9.1 billion. Hann. Rückversicherung was the top MDAX stock with €466.3 million while Vivacon led the SDAX® with €176.5 million and Solarworld headed the TecDAX® with €248.4 million. At €1.7 billion, the DAXEX was the exchange traded fund with the largest turnover in November.
DAX®, MDAX®, SDAX® and TecDAX® are registered trademarks of Deutsche Börse AG.
