German exchanges traded €260.7 billion-worth ($356.3 billion-worth) of instruments in July 2007, according to German stock exchange operator Deutsche Börse Group. This is an increase of 103% on the €127.8 billion traded in July last year. The July 2007 total includes €250.8 billion in equities, warrants and exchange-traded funds, as well as €9.9 billion in fixed-income securities.
In July turnover on Xetra and on the floor of Börse Frankfurt reached €237.4, a rise of 105% year-on-year. Of this, €222.2 billion was traded on Xetra, compared with €107.9 billion traded in July 2006. €15.2 billion was traded on the floor compared with €8 billion in July 2006.
German equities accounted for €220.9 billion, and foreign equities comprised €12 billion. More than 97% of the transaction volume with German equities was executed at Börse Frankfurt. More than 83% of foreign equities were traded on Xetra and on the floor. In the entire month 16 million transactions were executed on Xetra, a rise of 109% year-on-year; in July 2006 this figure stood at 7.7 million.
According to the Xetra liquidity measure (XLM), Allianz was the most liquid DAX blue chip in July, with four basis points for an order volume of €100,000. Puma was the most liquid MDAX stock with 13 basis points. The most liquid equity-based exchange-traded fund was the db-x-trackers II EONIA Total Return, with one basis point. The most liquid foreign stock was ABN Amro, with nine basis points. 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 was the strongest DAX stock on Xetra in July with €20.8 billion. Depfa Bank was the top MDAX stock with €1.6 billion. Demag Cranes led the SDAX stock with €457.5 million and Solarworld headed the TecDAX at €897 million. At €5.5 billion, the DAX EX was the exchange-traded fund with the largest turnover.