On Xetra and the Frankfurt floor €89.2 billion were turned over in German equities and €11.1 billion in foreign shares. 95 percent of the transaction volume with German equities and 86 percent of foreign equities were traded on Xetra and on the floor at Börse Frankfurt.
According to the Xetra liquidity measure (XLM), Deutsche Telekom AG was the most liquid DAX blue chip in December with 13 basis points (bp) for an order volume of €100,000. Altana AG was the most liquid MDAX® stock with 29 bp.
The most liquid ETF was db x-trackers ETF II-EONIA T.R. 1C with 0.5 bp. The most liquid foreign stock was Royal Dutch Shell with 22 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.
Siemens AG was the strongest DAX stock on Xetra in December at €5.9 billion.
Salzgitter AG was the top MDAX stock at €733.1 million, while Gerresheimer AG led the SDAX® at €83.6 million and Q-Cells AG headed the TecDAX® at €925.1 million. At €1.0 billion, the iShares DAX was the exchange-traded fund with the largest turnover.
On all stock exchanges in Germany €122.0 billion were traded in December according to order book turnover statistics - a decline by 27 percent compared year-on-year (December 2007: €167.7 billion). This total includes €109.3 billion in equities, warrants and exchange-traded funds, as well as €12.7 billion in fixed-income securities. The number of trades at all exchanges added up to 26.6 million (December 2007: 20.1 million) which is an increase by 32 percent.
Annual comparison:
226.0 million trades were executed on Xetra from January to December 2008, an increase of 28 percent compared to the year 2007 (176.3 million transactions).
Over the year 2008, the order book turnover on Xetra recorded at €2.1 trillion, down 10 percent (2007: €2.4 trillion), while the order book turnover on the floor at Börse Frankfurt reached €112.9 billion, a decrease of 30 percent compared to January through December 2007 (€162.1 billion).
A total volume of €2.5 trillion was traded on all stock exchanges in Germany in the year 2008, down 12 percent compared to the previous year (2007: €2.8 trillion).
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