The German stock exchanges generated an equities turnover based on the order book statistics of €109.3 billion in August – an increase of 58 percent year-on-year (August 2004: €69 billion). German equities accounted for €102.7 billion of this total, with foreign equities comprising €6.5 billion. The order book statistics show all transactions in the order book of Xetra and broker-supported trading on the floor in single counting.
In August, 97 percent of transactions with German equities were executed on Xetra and on the floor of the Frankfurt Stock Exchange (FWB). In foreign equities, 73 percent were traded on Xetra and the floor of the Frankfurt Stock Exchange. 7.2 million transactions were executed on Xetra in August – an increase of 33 percent year-on-year (August 2004: 5.4 million transactions).
According to the Xetra liquidity measure (XLM), Allianz was the most liquid DAX® blue chip in August with 4 bp for an order volume of €100,000. Puma was the most liquid MDAX® stock with 14 bp. The most liquid equity-based ETF was the DAXEX with 3 bp. The most liquid foreign stock was Royal Dutch with 11 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 August with €8.5 billion. Puma was the top MDAX stock with €749 million while Balda led the SDAX® with €75 million and Solarworld headed the TecDAX® with 148 million. At €1.8 billion, the DAXEX was the exchange traded fund with the largest turnover in August.
DAX®, MDAX®, SDAX® and TecDAX® are registered trademarks of Deutsche Börse AG.
