The Spanish Exchange traded €40.92 bn in November
2 December, 2019
- The figure is in line with that for the same month a year earlier and down 12.8% from October
- The trading volume in Fixed Income to the end of November grows 67% year-on-year
- Trading in Financial Derivatives grows 2.9% in the first eleven months of the year
The Spanish Stock Exchange traded €40.92 billion in Equities in November, in line with that registered in the same period a year ago and down 12.8% on the previous month. The number of trades reported in November came in at 3.15 million, a 14.5% decrease year-on-year and 6.3% lower than in the preceding month.
BME's market share in Spanish equities in November stood at 77.09%. The average spread in November was 4.88 basis points at the first price level (17.7% better than the next trading venue) and 6.61 basis points with order book depth of €25,000 (43.9% better), 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 €24.96 billion in November, a 0.9% increase on October. The total accumulated trading to the end of November totalled €319.34 billion, a year-on-year increase of 67%.
New issues admitted to trading in November was €20.05 billion, down 22% from the previous month while in the first eleven months of the year it was up 4% year-on-year. The outstanding balance has increased by 1.9% so far this year, to €1.6 trillion euros.
The trading volume in Financial Derivatives in the first eleven months of the year increased by 2.9% on the same period last year. Monthly highlights include a 48.1% increase in Stock Futures, a 96.1% increase in Futures on Stock Dividends and growth of 111.0% in IBEX 35 Impacto Dividendo Futures. The trading volume in Options and Futures on Stocks was up 30.2% and 6.8% year-on-year respectively. The open interest in November increased 7.4% from October
Trading by business areas and assets
|
November 2019 |
Change October 2019 |
Change November 2018 |
Accumulated |
|
|
Equities(1) |
||||
|
- Equities |
40.926.7 |
-12.8% |
-0.1% |
-19.7% |
|
Number of trades |
3.152.2 |
-6.3% |
-14.5% |
-16.4% |
|
- Warrants |
18.8 |
-17.0% |
-62.2% |
-34.8% |
|
Number of trades |
5.6 |
-11.6% |
-29.3% |
-18.2% |
|
- ETFs |
143.2 |
4.7% |
-39.0% |
-45.9% |
|
Number of trades |
4.3 |
-30.2% |
-8.1% |
-30.4% |
|
Fixed Income |
||||
|
Traded Volume(2) |
24,965.3 |
0.9% |
43.2% |
67.2% |
|
New Issues |
20,052.4 |
-22.2% |
-6.2% |
4.1% |
|
Outstanding Balance |
1,551,637.1 |
-0.3% |
0.7% |
1.9% |
|
Financial derivatives(3) |
||||
|
- Futures: IBEX 35 |
452.5 |
-13.3% |
-11.1% |
-6.8% |
|
Mini IBEX 35 |
109.6 |
-31.7% |
-5.2% |
-1.7% |
|
Shares |
168.8 |
2.9% |
30.2% |
48.1% |
|
- Options: IBEX 35 |
238.4 |
-23.4% |
-42.0% |
-6.4% |
|
Shares |
1,586.9 |
-4.3% |
6.8% |
-15.8% |
(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
