Trading in Germany, which is dominated by Deutsche Börse, the German exchange whose takeover plans for the London Stock Exchange and Euronext have failed in the past 18 months, has rocketed by almost a third this year.

The exchange said in a statement today that trading volumes on German markets were up from €3.8 trillion ($5 trillion) last year to €5 trillion in 2006. Of all the equity trading in Germany, 98% is carried out over Deutsche Börse's Xetra system or its Frankfurt trading floor.