The Spanish stock market trades 32 billion euros in May

1 June, 2021
  • The equity trading volume in May was up 11.1% from the preceding month and 9.2% higher year on year
  • Fixed-income trading in May amounted to 25 billion, up 19.9% from April.
  • As regards Stock Derivatives trading in Futures contracts increased 18.6% and 73.5% in Option contracts compared to the same period a year earlier

The Spanish stock market traded 32 billion euros in Equities in May, 11.1% from the preceding month and 9.2% higher year on year. The number of trades in May was 3.5 million, a decrease of 18.3% from the same period last year and down 5.8% compared to April.

BME's market share in Spanish equities stood at 73.97%. The average spread in May was 6.04 basis points at the first price level (7.9% better than the next trading venue) and 8.69 basis points with order book depth of 25,000 euros (29.1% 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 May on the Fixed Income markets amounted to 25 billion euros, 19.9% more than in April.  New issues, including Public Debt and Private Fixed Income, reached 28 billion euros, which implies a decrease of 19.6% compared to April and a decrease of 25.8% compared to the same month the previous year.

The outstanding balance stood at 1.7 trillion euros, posting an increase of 0.5% in May and a 3.1% increase so far this year.

In the Financial Derivatives market, trading volume in Stock Futures in May grew by 18.6% year-on-year and 73.5% in Stock Options. Trading in IBEX 35 Futures contracts increased by 11.1% compared to May last year.

Compared to the previous month, the volume traded in Stock Futures rose by 9,657.1%, while in Stock Options it increased by 17.4% and in Ibex 35 Options it grew 77.4%.

In terms of the open interest, there was an increase from the same period the previous year in Stock Futures contracts (up 34.1%) and in IBEX 35 Futures contracts (up 8.5%).

Trading by business areas and assets

 

May 2021

%Change

April2021

%Change

May2020

Year to Date %

Equities(1)

       
  • Equities

32,029.9

11.1%

9.2%

-18.5%

Number of trades

3,462.6

-5.8%

-18.3%

-9.6%

  • Warrants

26.8

26.2%

14.2%

-6.1%

Number of trades

5.8

24.9%

-19.8%

-21.6%

  • ETFs

132.6

15.4%

-35.4%

-47.3%

Number of trades

7.6

6.0%

-42.9%

-45.1%

Fixed Income(1)

       
  • Traded Volume(2)

25,031.0

19.9%

19.9%

-12.0%

  • New Issues

28,059.6

-19.6%

-25.8%

-5.3%

  • Outstanding Balance

1,702,185.9

0.5%

4.5%

3.1%

Financial derivatives(3)

       
  • Futures:    IBEX 35

412.2

-1.1%

11.1%

-21.6%

                   Mini IBEX 35

74.9

1.0%

-8.2%

-46.2%

                   Shares

2,078.8

9,657.1%

18.6%

-16.1%

  • Options:   IBEX 35

118

77.3%

-27.1%

-31.2%

                   Shares

948.2

17.4%

73.5%

-23.3%

(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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