The Spanish Stock Exchange traded 36.27 bn euros in January
- The number of equity trades increased 20% from December
- The Fixed Income markets posted a 64% increase in trading from the preceding month
- Trading in IBEX 35 Derivatives in January grows 11% year-on-year
The Spanish Stock Exchange traded 36.27 billion euros in Equities in January, down 12.4% from the same period in 2019 and 10.8% down on December. The number of trades in January reached 3.36 million, down 5.9% from the same period a year earlier and up 20.2% from December
BME's market share in Spanish equities in January stood at 72.2%. The average spread for the same period was 4.73 basis points at the first price level (15.8% better than the next trading venue) and 6.46 basis points with order book depth of 25,000 euros (38.4% 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.
As regards Fixed Income the total volume traded in January was 23.93 billion euros, soaring 63.7% from December and down 28.4% from January 2019. New issues grew 49% from the preceding month to 42.45 billion euros. The outstanding balance posted by Spanish securities registered with BME’s Fixed Income markets increased by 0.5% from the close of 2019, reaching 1.56 trillion euros.
The Financial Derivatives market had a positive start to the year, with growth in IBEX 35 Derivatives of 10.7% from January 2019. The trading volume in IBEX 35 Options increased 51.8% while that in Stock Options grew 64.1%, both year on year.
The volume traded in IBEX 35 Futures increased 1.3% in January compared to December, and in Mini IBEX 35 Futures it grew by 15.6%. The open interest of IBEX 35 Futures, Mini Ibex 35 Futures and IBEX 35 Options grew 2.7%, 35.2% and 10.6%, respectively. As for Stock Options it increased by 14.2%.
Trading by business areas and assets
|
January 2020 |
%Change Jan20/Dec19 |
%Change Jan20/Jan19 |
|
|
Equities(1) |
|||
|
- Equities |
36,279 |
-10.8% |
-12.4% |
|
Number of trades |
3,357 |
20.2% |
-5.9% |
|
- Warrants |
25 |
13.4% |
-29.1% |
|
Number of trades |
5.9 |
-2.5% |
-6.8% |
|
- ETFs |
125 |
-31.4% |
-38.5% |
|
Number of trades |
4.7 |
-13.9% |
-15.1% |
|
Fixed Income |
|||
|
Traded Volume(2) |
23,933 |
63.7% |
-28.4% |
|
New Issues |
42,452 |
49.9% |
-32.5% |
|
Outstanding Balance |
1,562,473 |
0.5% |
0.6% |
|
Financial derivatives(3) |
|||
|
- Futures: IBEX 35 |
507 |
1.3% |
1.7% |
|
Mini IBEX 35 |
111 |
15.6% |
-5.6% |
|
Shares |
80 |
-97.1% |
-95.3% |
|
- Options: IBEX 35 |
275 |
-44.8% |
51.8% |
|
Shares |
2,144 |
-25.6% |
64.1% |
(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
