.jpg)
In September 2008, the number of trades executed on Xetra® reached 22.4 million transactions – up 69 percent compared to September 2007 with 13.3 million trades. Order book turnover on Xetra recorded €219.7 billion, up by 19 percent (September 2007: €184.0 billion).
On Xetra and the Frankfurt floor €214.3 billion were turned over in German equities and €11.5 billion in foreign shares. Roughly 98 percent of the transaction volume with German equities and roughly 85 percent of foreign equities were traded on Xetra and on the floor at Börse Frankfurt.
According to the Xetra liquidity measure (XLM), SAP AG was the most liquid DAX® blue chip in September with 7 basis points (bp) for an order volume of €100,000. Salzgitter AG was the most liquid MDAX® stock with 28 bp. The most liquid ETF was Lyxor ETF Euro Cash with 0.96 bp. The most liquid foreign stock was Royal Dutch Shell with 18 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 September at €17.7 billion. K+S AG was the top MDAX stock at €2.9 billion while Bauer AG led the SDAX® stock at €73.2 million and Q-Cells AG headed the TecDAX® at €1.7 billion. At €2.6 billion, the iShares DAX was the exchange-traded fund with the largest turnover.
On all stock exchanges in Germany €250 billion were traded in September according to order book turnover statistics – an increase by 18 percent compared year-on-year (September 2007: €212.6 billion). This total included €237.9 billion in equities, warrants and exchange-traded funds, as well as €12.4 billion in fixed-income securities. The number of trades at all exchanges added up to 32.9 million (September 2007: 22.9 million) which is an increase by more than 43 percent.
DAX®, MDAX®, SDAX®, TecDAX® and Xetra® are registered trademarks of Deutsche Börse AG.
