Deutsche Börse Xetra is the reference market for trading in DAX® listed blue chips. No other exchange in the world achieves greater turnover at fairer market prices in these securities. With regard to DAX listings, Xetra even has nearly 70 per cent market share throughout Europe.
The following table shows the liquidity of DAX listed blue chips in Xetra trading. It is based on the Xetra Liquidity Measure (XLM), which captures the liquidity of traded shares using implicit transaction costs, thus providing investors with a useful tool to objectively estimate the cost of trading. The XLM also allows for comparison and transparent analysis of individual securities' liquidity.
DAX shares with related XLM
| Instrument | ISIN | Roundtrip | Buy | Sell |
|---|---|---|---|---|
| DEUTSCHE BANK AG NA O.N. | DE0005140008 | 3.1 | 1.5 | 1.5 |
| SIEMENS AG NA O.N. | DE0007236101 | 3.3 | 1.7 | 1.6 |
| ALLIANZ SE NA O.N. | DE0008404005 | 4.0 | 2.0 | 2.0 |
| INFINEON TECH.AG NA O.N. | DE0006231004 | 4.1 | 2.0 | 2.1 |
| SAP SE O.N. | DE0007164600 | 4.2 | 2.1 | 2.1 |
| MERCEDES-BENZ GRP NA O.N. | DE0007100000 | 4.3 | 2.2 | 2.2 |
| RWE AG INH O.N. | DE0007037129 | 4.7 | 2.3 | 2.3 |
| BASF SE NA O.N. | DE000BASF111 | 4.7 | 2.3 | 2.3 |
| DEUTSCHE POST AG NA O.N. | DE0005552004 | 4.8 | 2.3 | 2.4 |
| BAYER AG NA O.N. | DE000BAY0017 | 4.8 | 2.2 | 2.5 |
| AIRBUS SE | NL0000235190 | 4.8 | 2.4 | 2.4 |
| DT.TELEKOM AG NA | DE0005557508 | 4.9 | 2.4 | 2.4 |
| RHEINMETALL AG | DE0007030009 | 5.1 | 2.5 | 2.5 |
| BAY.MOTOREN WERKE AG ST | DE0005190003 | 5.3 | 2.6 | 2.7 |
| MUENCH.RUECKVERS. NA O.N. | DE0008430026 | 5.4 | 2.7 | 2.7 |
| SIEMENS HEALTH.AG NA O.N. | DE000SHL1006 | 5.7 | 2.8 | 2.9 |
| HENKEL AG+CO.KGAA VZO | DE0006048432 | 5.9 | 2.8 | 3.1 |
| E.ON SE NA O.N. | DE000ENAG999 | 5.9 | 3.0 | 2.9 |
| BEIERSDORF AG O.N. | DE0005200000 | 6.3 | 3.3 | 3.1 |
| ADIDAS AG NA O.N. | DE000A1EWWW0 | 6.4 | 3.2 | 3.2 |
| COMMERZBANK AG | DE000CBK1001 | 6.5 | 3.2 | 3.4 |
| PORSCHE AUTOM.HLDG VZO | DE000PAH0038 | 6.9 | 3.3 | 3.5 |
| VONOVIA SE NA O.N. | DE000A1ML7J1 | 7.1 | 3.6 | 3.5 |
| MTU AERO ENGINES NA O.N. | DE000A0D9PT0 | 7.3 | 3.5 | 3.8 |
| SYMRISE AG INH. O.N. | DE000SYM9999 | 7.3 | 3.7 | 3.6 |
| SIEMENS ENERGY AG NA O.N. | DE000ENER6Y0 | 7.4 | 3.7 | 3.7 |
| DAIMLER TRUCK HLDG NA ON | DE000DTR0CK8 | 7.6 | 3.6 | 3.9 |
| FRESENIUS SE+CO.KGAA O.N. | DE0005785604 | 7.9 | 4.0 | 3.9 |
| DEUTSCHE BOERSE NA O.N. | DE0005810055 | 8.1 | 3.9 | 4.1 |
| MERCK KGAA O.N. | DE0006599905 | 8.1 | 4.0 | 4.1 |
| QIAGEN NV EO -,01 | NL0015002SN0 | 8.2 | 4.1 | 4.1 |
| VOLKSWAGEN AG VZO O.N. | DE0007664039 | 8.2 | 4.0 | 4.2 |
| CONTINENTAL AG O.N. | DE0005439004 | 8.3 | 3.9 | 4.4 |
| HEIDELBERG MATERIALS O.N. | DE0006047004 | 8.4 | 4.2 | 4.2 |
| FRESEN.MED.CARE AG INH ON | DE0005785802 | 8.5 | 4.3 | 4.1 |
| HANNOVER RUECK SE NA O.N. | DE0008402215 | 10.3 | 5.2 | 5.2 |
| ZALANDO SE | DE000ZAL1111 | 11.1 | 5.8 | 5.3 |
| BRENNTAG SE NA O.N. | DE000A1DAHH0 | 11.9 | 6.1 | 5.8 |
| SCOUT24 SE NA O.N. | DE000A12DM80 | 12.0 | 6.3 | 5.7 |
| GEA GROUP AG | DE0006602006 | 13.2 | 6.4 | 6.8 |
Deutsche Börse provides the XLM on DAX® listed blue chips for the last trading day on a daily basis.
The XLM is given in basis points (100 basis points = 1 per cent) in relation to the relative market impact costs for the so-called roundtrip (simultaneous purchase and sale of a position) for a given order volume. An XLM of 10 basis points and an order volume of €25,000, for example, mean that the market impact costs for the purchase and sale of this share totalled €25.
Detailed explanations can be found in the article “The Market Impact – Liquidity Measure in Electronic Securities Trading”.
Market Status XETR ⓘ
XETR
The market status window is an indication regarding the current technical availability of the trading system. It indicates whether news board messages regarding current technical issues of the trading system have been published or will be published shortly.
Please find further information about incident handling in the Emergency Playbook published on the webpage under Data & Tech > Information Channels > Emergency procedures. Detailed information about incident communication, market re-opening procedures and best practices for order and trade reconciliation can be found in the chapters 4.2, 4.3 and 4.5, respectively. Concrete information for the respective incident will be published during the incident via newsboard message
We strongly recommend not to take any decisions based on the indications in the market status window but to always check the production news board for comprehensive information on an incident.
An instant update of the Market Status requires an enabled up-to date Java™ version within the browser.