Number of transactions up 54 percent...
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Order book turnover on Xetra and on the trading floor of the Frankfurt Stock Exchange stood at €150.0 billion in March – a rise of 36 percent year-on-year (March 2010: €110.3 billion). Of the €150.0 billion, €141.6 billion was attributable to Xetra which registered growth of 37 percent y-o-y (March 2010: €103.4 billion). €8.4 billion was attributable to floor trading in Frankfurt, an increase of 21 percent y-o-y (March 2010: €7.0 billion). Order book turnover on Tradegate Exchange totalled €3.3 billion in March, making it 139 percent higher y-o-y (March 2010: €1.4 billion).
In equities, turnover reached €124.6 billion on Deutsche Börse’s cash markets (Xetra: €120.7 billion, Frankfurt trading floor: €3.9 billion). Turnover in bonds was €2.1 billion, and in structured products €2.9 billion (including Scoach). Order book turnover in mutual funds and exchange-traded funds (ETFs) amounted to €20.3 billion.
A total of 23.0 million transactions were executed on Xetra in March, a growth of 54 percent y-o-y (March 2010: 14.9 million).
The Siemens AG share was the most liquid equity on the DAX index in March, based on the Xetra liquidity measure (XLM) with 5.45 basis points (bp) for an order volume of €100,000. EADS N.V. topped the MDAX with 17.37 bp. The most liquid foreign equity was Air Liquide S.A. with 10.21 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 percent); a low XLM denotes high liquidity in a security.
The DAX security with the highest turnover in March was Siemens AG at €8.1 billion. Continental AG led the MDAX equities at €957.2 million, while Balda AG topped the SDAX equity index with €68.8 million, and Aixtron SE headed TecDAX with €859.1 million. The ETF with the highest turnover on Xetra was iShares DAX with €3.6 billion.
Further details are available online in Deutsche Börse’s cash market statistics. For a pan-European comparison of trading locations, see the statistics provided by the Federation of European Securities Exchanges (FESE).
Source: ETFWorld – Deutsche Börse