Deutsche Börse: Xetra Trades Up By 34 Percent In March - Total Volume Of €210 Billion Traded On All Stock Exchanges In Germany

In March the number of daily average trades executed on Xetra was up by 34.5 percent reaching roughly 0.9 million transactions – compared to March 2007 with 0.6 million and three additional trading days. Orderbook turnover on Xetra decreased by 22 percent year-on-year to €185 billion (March 2007: €239 billion). On Xetra and the Frankfurt floor €182 billion were turned over in German equities and €8.5 billion in foreign shares. Roughly 98 percent of the transaction volume with German equities was executed at Börse Frankfurt. More than 84 percent of foreign equities were traded on Xetra and on the floor.
According to the Xetra liquidity measure (XLM), Volkswagen AG was the most liquid DAX® blue chip in March with 6 basis points (bp) for an order volume of €100,000. K+S AG was the most liquid MDAX® stock with 24 bp. The most liquid ETF was the Lyxor ETF Euro Cash with 0.9 bp. The most liquid foreign stock was Total S.A. 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 March at €14.4 billion. K+S AG was the top MDAX® stock at €1.7 billion while Air Berlin plc led the SDAX® stock at €149 million and Q-Cells AG headed the TecDAX® at €1.2 billion. At €1.9 billion, the iShares DAX EX was once again the exchange-traded fund with the largest turnover.

On all stock exchanges in Germany €210 billion were traded in March according to orderbook turnover statistics – a decline by 23 percent compared year-on-year (March 2007: €274.8 billion). This total included €202 billion in equities, warrants and exchange-traded funds, as well as €8 billion in fixed-income securities. The number of daily average trades decreased by 12 percent to 1.38 million (March 2007: 1.56 million).

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