The Spanish Exchange traded €46.91 bn in October
4 November, 2019
- Up 44.4% from September and down 13.2% from the same month the previous year
- The trading volume in Fixed Income grew 70% year-on-year
- Trading in Financial Derivatives in the first ten months of the year increased 3.3% on the same period last year
The Spanish Stock Exchange traded €46.91 billion in Equities in October, up 44.4% on the preceding month of September and down 13.2% on the same period last year. The number of trades reported in October came in at 3.4 million, an increase of 9.4% on the previous month and a decrease of 22% on the same period last year.
BME's market share in Spanish equities as of 31 October stood at 76.01%. The average spread in October was 5.18 basis points at the first price level and 7.22 basis points with order book depth of €25.000 (20% and 38.8% 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 amounted to €24.73 billion in October, an 0.6% increase on September. The total accumulated trading during the year amounted to €294.37 billion, a year-on-year increase of 70%.
New issues admitted to trading in October was €25.79 billion, up 24.4% from the previous month. The outstanding balance has increased by 1.5% so far this year, to €1.55 trillion euros.
The trading volume in Financial Derivatives in the first ten months increased by 3.3% on the same period last year. Monthly highlights include a 48.4% increase in Stock Futures, a 96.1% increase in Futures on Stock Dividends and growth of 137.1% in IBEX 35 Impacto Dividendo Futures. The trading volume in IBEX 35 Futures in October increased 7.4% on the preceding month, it grew 30.7% in Mini IBEX 35® futures and 12.2% in Stock Options.
Trading by business areas and assets
|
October 2019 |
Change September 2019 |
Change October 2018 |
Accumulated |
|
|
Equities(1) |
||||
|
- Equities |
46,916.9 |
44.4% |
-13.2% |
-21.4% |
|
Number of trades |
3,362.8 |
9.4% |
-22.2% |
-16.5% |
|
- Warrants |
22.7 |
42.7% |
-63.4% |
-31.1% |
|
Number of trades |
6.4 |
13.1% |
-29.3% |
-17.0% |
|
- ETFs |
136.7 |
41.9% |
-36.8% |
-46.5% |
|
Number of trades |
6.1 |
50.0% |
-22.7% |
-31.7% |
|
Fixed Income |
||||
|
Traded Volume(2) |
24,732.0 |
0.6% |
-1.5% |
70% |
|
New Issues |
25,791.0 |
24.4% |
-13.2% |
4.9% |
|
Outstanding Balance |
1,556,317.7 |
-0.7% |
1.5% |
2.2% |
|
Financial derivatives(3) |
||||
|
- Futures: IBEX 35 |
521.7 |
7.4% |
-16.7% |
-6.4% |
|
Mini IBEX 35 |
160.5 |
30.7% |
16.2% |
-1.4% |
|
Shares |
163.9 |
-80.1% |
-46.8% |
48.4% |
|
- Options: IBEX 35 |
311.4 |
-20.9% |
-30.0% |
-1.7% |
|
Shares |
1,659.0 |
12.2% |
13.7% |
-17.9% |
(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
