In February €206.1 billion were turned over on Xetra and on the floor of Börse Frankfurt – a rise of 58 percent year-on-year (February 2006: €129.9 billion). Thereof €190.7 billion were traded on Xetra gaining 64 percent year-on-year (February 2006: €116.6 billion) and €15.5 billion on the floor. A plus of 16 percent compared to February last year (February 2006: €13.3 billion). German equities accounted for €192.8 billion, foreign equities comprising €9.8 billion. More than 97 percent of the transaction volume with German equities was executed at Börse Frankfurt. Almost 76.4 percent of foreign equities were traded on Xetra and on the floor.
The number of Xetra-trades reached an all-time-high on 28 February with 1.4 million transactions. In the entire month 12.9 million transactions were executed on Xetra, a rise of 54 percent year-on-year (February 2006: 8.3 million).
According to the Xetra liquidity measure (XLM), Münchener Rück AG was the most liquid DAX® blue chip in February with 4 basis points (bp) for an order volume of €100,000. Puma AG was the most liquid MDAX® stock with 13 bp. The most liquid equity-based ETF was the DBX Trackers DAX with 4 bp. The most liquid foreign stock was ING Groep with 10 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.
Volkswagen AG was the strongest DAX stock on Xetra in January at €13 billion. Puma AG was the top MDAX stock at €1.46 billion while Demag Cranes AG led the SDAX® stock at €182.9 million and Solarworld AG headed the TecDAX® at €1.28 billion. At €2.58 billion, the DAX EX was once again the exchange-traded fund with the largest turnover.
On all stock exchanges in Germany €224.7 billion were traded in February according to orderbook turnover statistics – a rise of 54 percent compared year-on-year (February 2006: €146 billion). This total included €216.9 billion in equities, warrants and exchange-traded funds, as well as €7.8 billion in fixed-income securities.
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