The German stock exchanges turned over Euros 321 billion in January. The volume of transactions on XEtra alone was up 13%.
The order-book statistics, which are based on single counting of all transactions in the order book of Xetra and broker-supported trading on the floor, show that a total of 97.9 billion euros in equity volume was traded on the German stock exchanges in January – about 36 per cent higher than the year before (January 2003: Euros 71.9 billion euros). Of this total, Euros 90.9 billion was traded in German equities, and Euros 7 billion in foreign equities.
Based on the aggregate statistics, a total volume of Euros 321 billion was traded on the German stock exchanges in January – 21 per cent more than the year before (January 2003: Euros 264.6 billion). The January total comprises Euros 258.7 billion euros in equities, warrants and exchange-traded funds as ell as Euros 62.3 billion in fixed-income securities.
About 97 per cent of the volume traded in German equities in January was posted on Xetra and in trading on the floor of the Frankfurt Stock Exchange (FWB Frankfurter Wertpapierb?rse). In foreign equities, 83 per cent of the volume was traded through Xetra and on the Frankfurt trading floor. Some 6.7 million transactions were executed on Xetra in January – some 13 percent more than the year before (January 2003: 5.9 million transactions).
Siemens AG was the most liquid DAX blue chip in January based on the Xetra liquidity measure (XLM), with 6 bp for an order size of Euros 100,000 euros. Beiersdorf was the most liquid MDAX stock, with 24 bp. The highest-liquidity equity-based exchange-traded fund was the DAXEX with 5 bp. XLM is a measure of the liquidity in electronic securities trading based on the implicit transaction costs and is calculated in basis points (1 bp = 0.01 percent) for every security in continuous trading, for a roundtrip in the Xetra order book.
Deutsche Telekom was the highest-volume DAX blue chip in January with Euros 9 billion in shares traded. Puma was the top MDAX stock with Euros 404.3 million in volume. Holsten was the leading SDAX stock with Euros 52.6 million traded in its shares, and Epcos the top TecDAX stock with Euros 294.4 million in share volume. The DAXEX was again the highest-turnover exchange-traded fund, with some Euros 1.6 billion.