In July, Euro 90.4 billion were turned over on Xetra and on the floor at Brse Frankfurt a decrease of 55 percent year-on-year (July 2008: Euro 201.4 billion). Of the Euro 90.4 billion turnover Euro 84.1 billion were traded on Xetra, a decrease by 56% year-on-year (July 2008: Euro 193.3 billion). Euro 6.3 billion were traded on the floor (July 2008: Euro 8.1 billion).
Turnover in German equities amounted to Euro 77.3 billion, while foreign equities turnover stood at Euro 10.1 billion. Xetra and the floor at Brse Frankfurt accounted for 97% of the transaction volume with German equities on all stock exchanges in Germany. 92% of foreign equities traded on stock exchanges in Germany were traded on Xetra and on the floor in Frankfurt.
In July, 13.7 million transactions were executed on Xetra, a decrease of 30% against the same period last year (July 2008: 19.5 million). According to the Xetra liquidity measure (XLM), Deutsche Telekom AG was the most liquid DAX blue chip in July with 9.4 basis points (bp) for an order volume of Euro 100,000. Wacker Chemie AG was the most liquid MDAX stock with 44.3 bp. The most liquid ETF was the db-x-trackers II EONIA T.R. 1C with 0.3 bp.
The most liquid foreign stock was Royal Dutch Shell with 18.0 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%); a low XLM denotes high liquidity in a security.
Deutsche Bank AG was the strongest DAX stock on Xetra in July at Euro 6.9 billion. Wacker Chemie AG was the top MDAX stock at Euro 411 million, while Aareal Bank AG led the SDAX stocks at Euro 32 million and Infineon Technologies AG headed the TecDAX at Euro 1.6 billion. At roughly Euro 1.5 billion, the iShares DAX was the exchange-traded fund with the largest turnover.
On all stock exchanges in Germany Euro 103.8 billion were traded in July according to orderbook turnover statistics a decrease of 52% compared year-on-year (July 2008: Euro 218.6 billion). This total includes Euro 93.4 billion in equities, warrants and exchange-traded funds, as well as Euro 10.4 billion in fixed-income securities.
D.C.