The Spanish stock market trades 28.7 bn euros in April

4 May, 2021
  • The number of equity trades in April 2021 up 6.6% on the same month last year
  • Trading in IBEX 35 Futures contracts increased by 30% compared to the same month last year.
  • Fixed Income trading volume in April reached 20.9 billion euros.

The Spanish stock market traded 28.7 billion euros in Equities in April, down 6.2% year-on-year and down 18.3% from March. The number of trades in April was 3.68 million, a 6.6% increase year-on-year and down 24.9% from the preceding month.

BME's market share in Spanish equities stood at 71.96%. The average spread in April  was 5.44 basis points at the first price level (14.2% better than the next trading venue) and 8.00 basis points with order book depth of 25,000 euros (32.5% 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.

The volume traded in March on the Fixed Income markets amounted to 20.9 billion euros, 12.5% less than in March and 34.1% lower than in the same period of 2020.  New issues, including Public Debt and Private Fixed Income, reached 34.9 billion euros, which implies a decrease of 13.5% compared to March and a decrease of 37.9 % compared to the same month the previous year.

The outstanding balance stood at 1.69 trillion euros, posting a decrease of 0.6% in April and a 2.6% increase so far this year.

In the Financial Derivatives market, the trading volume in April in IBEX 35 Futures increased by 30% and in Stock Options by 94.5% year-on-year. The open interest in IBEX 35 Futures increased by 13.9% and it also grew in Equity Derivatives compared to the same month the previous year: 26.8% in Futures and 2.5% in Options.

Trading by business areas and assets

 

April 2021

%Change

March2021

%Change

April2020

Year to Date %

Equities(1)

       
  • Equities

28,724.0

-18.3%

-6.2%

-23.6%

Number of trades

3,676.4

-24.9%

6.6%

-7.6%

  • Warrants

21.3

-32.6%

1.9%

-10.5%

Number of trades

4.6

-36.3%

-24.1%

-22.0%

  • ETFs

114.9

-24.3%

-43.8%

-49.7%

Number of trades

7.2

-45.6%

-53.9%

-45.5%

Fixed Income(1)

       
  • Traded Volume(2)

20,872.9

-12.5%

-34.1%

-18.0%

  • New Issues

34,921.7

-13.5%

-37.9%

-0.6%

  • Outstanding Balance

1,693,943.9

-0.6%

5.6%

2.6%

Financial derivatives(3)

       
  • Futures:    IBEX 35

417

-8.9%

30.0%

-26.9%

                   Mini IBEX 35

74

-29.3%

-3.6%

-50.7%

                   Shares

21

-99.3%

-98.0%

-29.6 %

  • Options:   IBEX 35

66

-65.8%

-35.7%

-32.0%

                   Shares

807

-36.6%

94.5%

-30.9%

(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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