Turnover at Deutsche Borse last month was up by 50 per cent on April 2002. However, the aggregate turnover of Euros 259 billion was 3 per cent below the previous month (Euros 266.8 billion.
The April 2003 total was made up of Euros 190.7 billion euros equities, warrants and exchange-traded funds, plus Euros 68.2 billion in fixed-income securities.
According to the orderbook statistics, which are based on single counting of all transactions in the orderbook of Xetra and broker-supported trading on the floor, the total turnover in equities on the German stock exchanges was about 72 billion euros in April. The turnover is thus stable (March 2003: 73.7 billion euros). In German equities, 68.3 billion euros was traded, in foreign equities, 3.6 billion euros.
In April, 98.5 percent of the trading in German equities was posted on Xetra and the trading floor of the Frankfurt Stock Exchange (FWB). In foreign equities, 83 percent of the turnover was accounted for by trading on Xetra and on the Frankfurt trading floor. A total of 6.3 million trades were executed on Xetra in April – 50 percent more transactions than in the same month last year (April 2002: 4.2 million trades).
Deutsche Bank was the most liquid equity in the DAX in April based on the Xetra liquidity measure (XLM), with 13 basis points for an order size of 100,000 euros, in the MDAX Wella was highest with 23 basis points. The highest-liquidity equity-based exchange-traded fund was the DAX EX with 10 basis poinst. XLM analyses the liquidity in electronic securities trading based on implicit transaction costs and is calculated for all securities in continuous trading in basis points (1 basis point = 0.01 per cent) for the roundtrip in the Xetra orderbook.
The highest-turnover DAX equity on Xetra in April was Allianz with 9 billion euros. In the MDAX stocks, Wella was highest with 250.4 million euros in volume traded in its shares and in the TecDAX stocks T-Online was highest with 185.8 million euros in volume. The highest-turnover exchange-traded fund was again the DAX EX with 1.5 billion euros in turnover.
The Deutsche Borse turnover statistics include the Munich, Dusseldorf, Hamburg, Hannover, Stuttgart stock exchanges and floor-supported trading on the Berlin-Bremen stock exchange as well as Xetra and the floor in Frankfurt.