The Spanish stock market trades 31 billion euros in January, with 30.4% more trades
1 February, 2021
- The Equity trading volume in January is 14.4% lower
- New issues in the Fixed Income markets increase 126.1% in January
- The trading volume in IBEX 35 Futures is up 5.7% from December and up 4.8% in Mini IBEX Futures
The Spanish stock market traded 31.1 billion euros in Equities in January, down 14.4% from the same period last year and down 14.4% from the preceding month. The number of trades was 4.4 million, posting a year-on-year increase of 30.4% and a 1.1% decrease compared to December.
BME's market share in Spanish equities in January stood at 73.04%. The average spread for the same period was 6.48 basis points at the first price level (21.8% better than the next trading venue) and 9.79 basis points with order book depth of 25,000 euros (36.5% 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 January came in at 19 billion euros, up 44.2% from December and down 20.5% year on year. New admissions to trading, including Public Debt and Private Fixed Income, came in at 59.8 billion euros, up 126.1% from the preceding month.
The outstanding balance stood at 1.7 trillion euros, which implies a year on year increase of 1.3% and a 7.1% increase from the preceding month.
Trading in the Financial Derivatives market in January reached 2.1 million contracts, representing a nominal amount of 36.8 billion euros. Trading in IBEX 35 Futures increased by 5.7% from the previous month, and by 4.8% in Mini IBEX Futures.
The open interest increased in all products compared to December. It rose by 11.7% in IBEX Futures contracts and by 19.1% in IBEX 35 options. The open interest in Equity Options rose by 7.5% during the same period.
Trading by business areas and assets
|
January 2021 |
%Change Jan2021-Dec2020 |
%Change Jan2021-Jan2020 |
|
|
Equities(1) |
|||
|
- Equities |
31,069.5 |
-14.4% |
-14.4% |
|
Number of trades |
4,377.87 |
-1.1% |
30.4% |
|
- Warrants |
20.6 |
-9.1% |
-17.5% |
|
Number of trades |
5.8 |
-2.8% |
-1.8% |
|
- ETFs |
134.7 |
-30.6% |
8.2% |
|
Number of trades |
7.9 |
-14.2% |
66.6% |
|
Fixed Income(1) |
|||
|
- Traded Volume(2) |
19,019.1 |
44.2% |
-20.5% |
|
- New Issues |
59,770.5 |
126.1% |
40.8% |
|
- Outstanding Balance |
1,673,320.7 |
1.3% |
7.1% |
|
Financial derivatives(3) |
|||
|
- Futures: IBEX 35 |
408.7 |
5.7% |
-17.4% |
|
Mini IBEX 35 |
82.1 |
4.8% |
-23.0% |
|
Shares |
12.5 |
-99.5% |
-84.5% |
|
- Options: IBEX 35 |
144.5 |
-53.8% |
-47.1% |
|
Shares |
1459.9 |
-54.7% |
-30.4% |
(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
