The Spanish Exchange traded €28.01 bn in August
2 September, 2019
- It represents a 14.2% decrease on the same month last year
- The number of trades in equities increased by 5.8% in August
- BME’s market share of Spanish equities was 70.7% since the beginning of the year
- Fixed income trading volume was 135.1% higher than in August 2018
- Financial Derivatives trading increased 13.1% in the month
The Spanish Exchange traded €28.01 billion in Equities in August, 14.2% less than the same month last year and 31.5% lower than in July. The number of trades was 3.1 million in August, an increase of 5.8% compared to August 2018 but down 8.4% compared to the previous month.
BME's market share of Spanish equities as of 31 August since the beginning of the year stood at 70.7%. The average spread was 5.19 basis points in August at the first price level and 7.39 basis points with €25,000 of depth of the order book (12.2% and 33.5% better than the next trading venue), according to an independent report by LiquidMetrix, available here: www.bmerv.es/ing/Miembros/MIFID_II.aspx. In all trading venues this data includes both transparent order book (LIT) trading – including auctions – and non-transparent (dark) off-book trading.
Fixed Income trading in the secondary market amounted to €27.54 billion. This is a decrease of 11.9% compared to July, due to the slowdown in activity in August, but is 135.1% higher than the volume in August 2018. Total accumulated trading in the year amounted to €245,05 billion, a year-on-year increase of 89.4%.
New issues admitted to trading in the Fixed Income primary market in August was €16,01 billion, a decrease of 40.3% compared to the previous month but 15.9% higher than in August last year. The outstanding balance has increased by 2.7% in the year, to €1.6 trillion euros.
The trading volume in Financial Derivatives increased by 9.8% to August, compared to the same period last year. Monthly figures show a 13.1% increase in trading. Trading of IBEX 35® futures contracts rose 24% compared to August last year, and trading of Mini IBEX 35® futures was up by 46%. Trading in options on the IBEX 35® and shares also performed positively, increasing by 25.5% and 5%, respectively.
Trading by business areas and assets
|
August 2019 |
Change July 2019 |
Change August 2018 |
Accumulated |
|
|
Equities(1) |
||||
|
- Equities |
28,019.4 |
-31.5% |
-14.2% |
-23.7% |
|
Number of trades |
3,106.5 |
-8.4% |
5.8% |
-17.7% |
|
- Warrants |
19.1 |
-23.0% |
-31.4% |
-21.7% |
|
Number of trades |
5.5 |
-10.6% |
-8.0% |
-16.3% |
|
- ETFs |
112.0 |
-46.0% |
-40.3% |
-48.8% |
|
Number of trades |
5.7 |
6.1% |
12.6% |
-33.8% |
|
Fixed Income |
||||
|
Traded Volume(2) |
27,543.2 |
-11.9% |
135.1% |
89.4% |
|
New Issues |
16,014.2 |
-40.3% |
15.9% |
11.6% |
|
Outstanding Balance |
1,563,038.3 |
0.3% |
1.9% |
2.7% |
|
Financial derivatives(3) |
||||
|
- Futures: IBEX 35 |
567.6 |
13.5% |
24.0% |
-5.6% |
|
Mini IBEX 35 |
153.3 |
38.5% |
46.3% |
-6.5% |
|
Shares |
74.5 |
-87.4% |
-33.1% |
82.2% |
|
- Options: IBEX 35 |
303.3 |
0.7% |
25.5% |
2.6% |
|
Shares |
859.0 |
-30.9% |
5.0% |
-21.2% |
(1) By asset type in million euros; number of trades in thousands
(2) Since implementation of MiFID II only trading on electronic platforms included
(3) Thousands of contracts
