In march the number of daily average trades executed on Xetra was up by34.5% reaching roughly 0.9 million transactions compared to March 2007with 0.6 million and three additional trading days.
Orderbook turnover on Xetra decreased by 22% year-on-year to 185 billion. On Xetra and the Frankfurt floor 182 billion were turned over inGerman equities and 8.5 billion in foreign shares. Roughly 98% ofthe transaction volume with German equities was executed at Boerse Frankfurt. More than 84% of foreign equities were traded on Xetra and on the floor.
According to the Xetra liquidity measure (XLM), Volkswagen AG was the mostliquid DAX blue chip in March with 6 basis points (bp) for an order volumeof 100,000. K+S AG was the most liquid MDAX stock with 24 bp. The mostliquid ETF was the Lyxor ETF Euro Cash with 0.9 bp. The most liquid foreign stock was Total S.A. with 14 bp. XLM measures liquidity in electronic securities trading on the basis of the implicit transaction costs. It is expressed in basis points; a low XLM denotes high liquidity in a security.
Siemens AG was the strongest DAX stock on Xetra in March at 14.4 billion.K+S AG was the top MDAX stock at 1.7 billion while Air Berlin plc led theSDAX stock at 149 million and Q-Cells AG headed the TecDAX at 1.2 billion. At 1.9 billion, the iShares DAX EX was once again the exchange-traded fund with the largest turnover.
On all stock exchanges in Germany 210 billion were traded in Marchaccording to orderbook turnover statistics a decline by 23% comparedyear-on-year. This total included 202 billion in equities, warrants and exchange-traded funds, as well as 8 billion in fixed-income securities. The number of daily average trades decreased by 12% to 1.38 million.