The Spanish Exchange traded 30.60 bn euros in April (-37.6%) on 3.4 million trades (+18.1%)
4 May, 2020
MONTHLY TRADING STATEMENTS FOR BME MARKETS
- The trading volume in the first four months totaled 160.26 billion, up 1.7%
- On April 15th, the Spanish securities market supervisor (CNMV) agreed to extend the ban on short selling
- Fixed Income trading registers an increase of 14% compared to April 2019
- The value of trading in IBEX 35 and Mini IBEX 35 Futures to the end of April grows by 20.2% and 55.9%, respectively
The Spanish Stock Exchange traded 30.60 billion euros in Equities in April, down 37.6% from the same period in 2019. The effective trading volume for the first four months of the year totaled 160.26 billion euros, up 1.7% year on year. The number of trades in April reached 3.4 million, up 18.1% from the same period a year earlier. The number of equity trades in the first four months of the year came in at 18.6 million, up 49.6% from the same period a year earlier.
BME's market share in Spanish equities in April stood at 77.97%, The average spread for the same period was 10.20 basis points at the first price level (7% better than the next trading venue) and 15.42 basis points with order book depth of 25,000 euros (20% 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.
On March 17th, the CNMV banned the constitution or increase of net short selling of securities admitted to trading on the Spanish stock market for a period of one month following a first ban, on March 13th. On April 15th, 2020, the CNMV agreed to extend this measure until May 18th. In April a decrease in the value of block trading was also reported.
The total traded volume in Fixed Income was 31.66 billion euros in April, up 14% year on year. New issues admitted to trading, including Public Debt and Private Fixed Income issuances, amounted to 56.27 billion euros, with growth rates of 32% compared to March this year and 154.4% from the same month of 2019. The outstanding balance stood at 1.6 trillion euros, up 3.1% so far this year.
The trading volume in the Financial Derivatives kept increasing in the first four months of the year, posting growth rates of 20.2% and 55.9% in IBEX 35 and Mini IBEX 35 Futures respectively. The trading volume of Stock Options grew 52.7% to the end of April.
In April, trading decreased with respect to the same month of the previous year. The value of trading in IBEX 35 Futures fell 29%, it did too in IBEX 35 Options by 57% and in Stock Options as well, by 48.8%.
Trading by business areas and assets
|
April 2020 |
%Change March20 |
%Change April19 |
% Change YearToDate2020 |
|
|
Equities(1) |
||||
|
- Equities |
30,607.2 |
-44.8% |
-37.6% |
1.7% |
|
Number of trades |
3.4 |
-54.7% |
18.1% |
49.6% |
|
- Warrants |
20.9 |
-31.9% |
-22.7% |
-6.0% |
|
Number of trades |
6.1 |
-41.7% |
9.2% |
25.5% |
|
- ETFs |
204.6 |
-55.3% |
60.9% |
72.3% |
|
Number of trades |
15.6 |
-53.6% |
226.4% |
222.0% |
|
Fixed Income(1) |
||||
|
Traded Volume(2) |
31,664.7 |
1.1% |
14.0% |
-13.1% |
|
New Issues |
56,271.6 |
32.0% |
154.4% |
15.9% |
|
Outstanding Balance |
1,603,637.4 |
1.1% |
3.1% |
3.1% |
|
Financial derivatives(3) |
||||
|
- Futures: IBEX 35 |
320.5 |
-63.4% |
-29.0% |
20.2% |
|
Mini IBEX 35 |
76.9 |
-78.2% |
-21.0% |
55.9% |
|
Shares |
1,072.2 |
-63.0% |
-51.8% |
-36.4% |
|
- Options: IBEX 35 |
103.1 |
-23.7% |
-57.0% |
-21.7% |
|
Shares |
415.2 |
-81.1% |
-48.8% |
52.7% |
(1) Effective trading volume by asset type in million euros; number of trades in thousands
(2) The trading volume includes only trading on electronic platforms
(3) Thousands of contracts
