Deutsche Borse: Equities turnover in October 43% Up Year-On-Year

The German stock exchanges generated an equities turnover based on the order book statistics of €119.3 billion in October an increase of 43 percent year on year (October 2004 €83.2 billion), Deutsche Brse said in a news release. German equities

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The German stock exchanges generated an equities turnover based on the order book statistics of €119.3 billion in October-an increase of 43 percent year-on-year (October 2004: €83.2 billion), Deutsche Brse said in a news release.

German equities accounted for €112 billion of this total, with foreign equities comprising €7.3 billion. The order book statistics show all transactions in the order book of Xetra and broker-supported trading on the floor in single counting.

Based on the aggregate statistics, the €339 billion total volume traded on all German stock exchanges in October was 35 percent higher than last year’s level (October 2004: €251.5 billion). This total included €300 billion in equities, warrants and exchange traded funds, as well as €39 billion in fixed-income securities.

In October, 97 percent of transactions with German equities were executed on Xetra and on the floor of the Frankfurt Stock Exchange (FWB). In foreign equities, 75 percent were traded on Xetra and the floor of the Frankfurt Stock Exchange. 7.5 million transactions were executed on Xetra in October – an increase of 30 percent year-on-year (October 2004: 5.7 million transactions).

According to the Xetra liquidity measure (XLM), Allianz was the most liquid DAX blue chip in October with 4 bp for an order volume of €100,000. Puma was the most liquid MDAX stock with 19 bp. The most liquid equity-based ETF was the DAXEX with 4 bp. The most liquid foreign stock was Unilever with 11 bp. XLM is a measure of liquidity in electronic securities trading based on the implicit transaction costs and is calculated for securities in continuous trading in basis points (1 bp = 0.01 percent) for a roundtrip in the Xetra order book.

Allianz was the highest-turnover DAX stock on Xetra in October with €9.7 billion. Deutsche Postbank was the top MDAX stock with €615.4 million while Vivacon led the SDAX with €63.5 million and Solarworld headed the TecDAX with €548.5 million. At €2.4 billion, the DAXEX was the exchange traded fund with the largest turnover in October.

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