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In January €307 billion were turned over on Xetra and on the floor of Börse Frankfurt – a rise of 61 percent year-on-year (January 2007: €191,1 billion). Thereof €292,7 billion were traded on Xetra gaining 65 percent year-on-year (January 2007: €176.6 billion) and €15 billion on the floor (January 2007: €14.4 billion). German equities accounted for €289.8 billion, foreign equities comprising €13.4 billion. Roughly 97.8 percent of the transaction volume with German equities was executed at Börse Frankfurt. More than 82 percent of foreign equities were traded on Xetra and on the floor.
In the entire month 25.2 million transactions were executed on Xetra, a rise of 106 percent year-on-year (January 2007: 12.2 million).
According to the Xetra liquidity measure (XLM), E.ON AG was the most liquid DAX® blue chip in January with 6 basis points (bp) for an order volume of €100,000. AWD Holding AG was the most liquid MDAX® stock with 12 bp. The most liquid ETF was the db-x-trackers II iBOXX Sovereigns Eurozone 1-3 TR with 2 bp. The most liquid foreign stock was Royal Dutch Shell with 14 bp. XLM measures liquidity in electronic securities trading on the basis of the implicit transaction costs. It is expressed in basis points (1 bp = 0.01 percent); a low XLM denotes high liquidity in a security.
Siemens AG was the strongest DAX® stock on Xetra in January at €20.3 billion. K+S AG was the top MDAX® stock at €2 billion while Air Berlin AG led the SDAX® stock at €222 million and Q-Cells AG headed the TecDAX® at €2 billion. At €4.7 billion, the iShares DAX EX was once again the exchange-traded fund with the largest turnover.
On all stock exchanges in Germany €330.4 billion were traded in January according to orderbook turnover statistics – a rise of 57 percent compared year-on-year (January 2007: €209.5 billion). This total included €320.9 billion in equities, warrants and exchange-traded funds, as well as €9.5 billion in fixed-income securities.
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