The Spanish Stock Exchange Market trades 19.90 billion euros in August
1 September, 2020
- The number of Equity trades grew by 7.5% last month and by 47.9% in the first eight months
- Admissions to trading for Fixed Income markets grew by 11.4% compared to August 2019 and by 37.7% for the January to August period
- Trading in IBEX 35 Futures and Mini IBEX 35 from January to August grew by 1.6% and 16% respectively
The Spanish Stock Exchange traded 19.90 billion euros in Equities in August, down 29% year on year and down 37.3% from July. The effective cash volume traded at the end of August totaled 291.02 billion euros, down 5.7% year on year.
The number of trades in August amounted to 3.3 million, 7.5% more than in August 2019 and 26.6% less than in the preceding month. The number of trades from January to August stood at 36.7 million, which represents a 47.9% increase compared to the same period the previous year.
BME's market share in Spanish equities in August stood at 68.91%, The average spread for the same period was 7.15 basis points at the first price level (14.5% better than the next trading venue) and 10.84 basis points with order book depth of 25,000 euros (27.2% better), according to an independent report by LiquidMetrix, available here: www.bmerv.es/ing/Miembros/MIFID_II.aspx. All figures include both transparent order book (LIT) trading – including auctions – and non-transparent (dark) off-book trading.
Fixed Income trading volume in August decreased 58.9% from a year earlier to 11.33 billion euros. New admissions to trading, including Public Debt and Private Fixed Income, came in at 17.84 billion euros, up 11.4% compared to the same month the previous year and up by 37.7% for the January to August period.
The outstanding balance stood at 1.67 trillion euros, which implies an increase of 7.9% compared to the preceding month.
Trading in the Financial Derivatives market from January to August increased by 1.6% in IBEX 35 Futures and by 16% in Mini IBEX 35 Futures. The trading volume in Stock Options was up 26.6% compared with the first eight months of the previous year.
The open interest in Stock Options increased by 6.7% compared to August 2019 while it grew by 3.1% for the overall volume of derivatives contracts compared to July.
Trading by business areas and assets
|
August 2020 |
%Change July20 |
%Change August19 |
% Change Year To Date 2020 |
|
|
Equities(1) |
||||
|
- Equities |
19,906.0 |
-37.3% |
-29.0% |
-5.7% |
|
Number of trades |
3,339.0 |
-26.6% |
7.5% |
47.9% |
|
- Warrants |
18.1 |
-41.7% |
-5.6% |
2.2% |
|
Number of trades |
4.7 |
-36.9% |
-14.0% |
26.0% |
|
- ETFs |
105.4 |
-40.4% |
-5.9% |
52.5% |
|
Number of trades |
6.4 |
-36.5% |
11.3% |
170.7% |
|
Fixed Income(1) |
||||
|
Traded Volume(2) |
11,333.5 |
-46.6% |
-58.9% |
-17.4% |
|
New Issues |
17,847.7 |
-56.5% |
11.4% |
37.7% |
|
Outstanding Balance |
1,678,010.8 |
0.5% |
7.4% |
7.9% |
|
Financial derivatives(3) |
||||
|
- Futures: IBEX 35 |
393.9 |
-12.9% |
-30.6% |
1.6% |
|
Mini IBEX 35 |
86.7 |
-17.9% |
-43.5% |
16.0% |
|
Shares |
4.9 |
-96.9% |
-93.4% |
-36.2% |
|
- Options: IBEX 35 |
47.1 |
-54.6% |
-84.5% |
-40.3% |
|
Shares |
728.0 |
-47.5% |
-15.2% |
26.6% |
(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
