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

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