The Spanish stock market trades 27.4 billion euros in February
1 March, 2021
- The number of equity trades is up 14.2% so far this year
- Fixed Income trading volume is up 46.9% compared to January
- Trading in stock futures rises 771.4%
The Spanish stock market traded 27.4 billion euros in Equities in February, down 27.6% from the same month last year and down 11.8% from the preceding month. The number of trades in February was 4.2 million, a 1.1% increase year on year and 3.9% down on the preceding month. The number of trades in the first two months grew 14.2%.
BME's market share in Spanish equities in January stood at 69.65%. The average spread for the same period was 6.34 basis points at the first price level (18.4% better than the next trading venue) and 9.73 basis points with order book depth of 25,000 euros (36.3% 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.
The volume traded in February on the fixed income markets reached 27.9 billion euros, 46.9% more than in January and 12.5% higher than in February 2020. Admissions to trading, including Public Debt and Private Fixed Income issues, amounted to 28.5 billion euros, a decrease of 52.3% compared to January and an increase of 22.9% compared to the same month last year.
The outstanding balance stood at 1.7 trillion euros, which implies an increase of 0.5% from January and a 7.4% increase year on year.
Trading in the Financial Derivatives market in February reached 2 million contracts, representing a nominal amount of 36.2 billion euros. Trading in stock Futures grew 771.4% from the previous month.
Trading in IBEX 35 Options rose 1.5% compared to January.
The open interest increased by 2.2% in IBEX index Futures, 4.7% in stock Futures and 6.6% in IBEX 35 Options, all compared to the preceding month.
Trading by business areas and assets
|
February 2021 |
%Change Jan2021 |
%Change Feb2020 |
Year to Date % |
|
|
Equities(1) |
||||
|
27,430.3 |
-11.8% |
-27.6% |
-21.1% |
|
Number of trades |
4,206.08 |
-3.9% |
1.1% |
14.2% |
|
22.8 |
11.1% |
-26.4% |
-22.4% |
|
Number of trades |
6.0 |
4.8% |
-24.2% |
-14.7% |
|
114.0 |
-15.3% |
-51.8% |
-31.2% |
|
Number of trades |
7.4 |
-5.7% |
-36.1% |
-6.4% |
|
Fixed Income(1) |
||||
|
27,930.2 |
46.9% |
12.5% |
-3.7% |
|
28,523.7 |
-52.3% |
22.9% |
34.5% |
|
1,681,041.5 |
0.5% |
7.4% |
1.8% |
|
Financial derivatives(3) |
||||
|
408.2 |
-0.1% |
-34.4% |
-26.9% |
|
Mini IBEX 35 |
82.2 |
0.1% |
-49.0% |
-38.7% |
|
Shares |
108.6 |
771.4% |
-76.3% |
-77.5% |
|
146.7 |
1.5% |
-50.8% |
-49.1% |
|
Shares |
1,265.4 |
-13.3% |
-43.5% |
-37.2% |
(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
