Xetra trades up by 7 percent in June

2 July 2008

In June 2008, the number of trades executed on Xetra reached roughly 16 million transactions – up more than 7 percent compared to June 2007 with 14.9 million trades. Order book turnover on Xetra recorded €164.8 billion (June 2007: €234.4 billion). On Xetra and the Frankfurt floor €160.9 billion were turned over in German equities and €7.9 billion in foreign shares. More than 97 percent of the transaction volume with German equities and 82 percent of foreign equities were traded on Xetra and on the floor at Börse Frankfurt.

According to the Xetra liquidity measure (XLM), Siemens AG was the most liquid DAX® blue chip in June with 6 basis points (bp) for an order volume of €100,000. K + S AG was the most liquid MDAX® stock with 18 bp. The most liquid ETF was the db-xtrackers II TR EONIA with 0.8 bp. The most liquid foreign stock was Royal Dutch Shell with 13 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.

Deutsche Bank AG was the strongest DAX® stock on Xetra in June at €11 billion. K+S AG was the top MDAX® stock at €4 billion while Air Berlin AG led the SDAX® stock at €100 million and Q-Cells AG headed the TecDAX® at €1.1 billion. At €1.4 billion, the iShares DAX was once again the exchange-traded fund with the largest turnover.

On all stock exchanges in Germany €189 billion were traded in June according to order book turnover statistics – a decline by 31 percent compared year-on-year (June 2007: €273.7 billion). This total included €179.2 billion in equities, warrants and exchange-traded funds, as well as €10.6 billion in fixed-income securities. The number of trades at all exchanges added up to 23.9 million (June 2007: 29.8 million).

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