The Spanish stock market trades 21.6 billion euros in August

1 September, 2021
  • The trading volume in equities is 8.7% higher year on year
  • Fixed Income trading rises to 15.09 billion euros, 33.2% more than in August 2020
  • Trading in Equity Futures contracts increased 109.8% and in Equity Options 30.1% from the previous month

The Spanish stock market traded 21.6 billion euros in Equities in August, 8.7% more year on year and 16.5% less than the previous month. The number of trades in August was 2.7 million, 18.7% less than in August 2020 and 26% lower than in July 2021.

BME's market share in Spanish equities stood at 69.32%. The average spread in August was 5.52 basis points at the first price level (13.9% better than the next trading venue) and 8.30 basis points with order book depth of 25,000 euros (26.7% better), according to an independent report by LiquidMetrix, available here: https://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 August on the Fixed Income markets reached 15.1 billion euros, 33.2% more than in August 2020 and 10.3% less than in July this year. New issues, including Public Debt and Private Fixed Income issues, amounted to 13.8 billion euros, a fall of 22.4% compared to the same month last year.

The outstanding balance stood at 1.7 trillion euros, up 0.2% in August and up 3.9% so far this year.

In the Financial Derivatives market, trading in August was 109.8% higher in Equity Futures and 30.1% higher in Equity Options, respectively, than in the previous month. Trading in IBEX 35 Futures and Mini IBEX 35 Options remained virtually unchanged from the same month of the previous year, down 0.2% and up 0.4%, respectively.

The open position compared to the same period a year ago continued to increase in Equity Futures and IBEX 35 Futures (up 26.1% and 1%, respectively) and increased by 0.1% in Mini IBEX Options contracts. 

Trading by business areas and assets

 

August

 2021

%Change

July 2021

%Change

August

2020

Year to Date %

Equities(1)

       

-        Equities

21,642.6

-16.5%

8.7%

-18.5%

Number of trades

2,714.1

-26.0%

-18,7%

-16.9%

-        Warrants

16.5

-29.3%

-8.8%

-13.7%

Number of trades

4.4

-8.6%

-6.4%

-28.7%

-        ETFs

93.2

-39.4%

-11.6%

-43.6%

Number of trades

4.9

-42.1%

-23.3%

-43.9%

Fixed Income(1)

       

-        Traded Volume(2)

15,095.4

-10.3%

33.2%

-17.0%

-        New Issues

13,844.8

-68.4%

-22.4%

-9.5%

-        Outstanding Balance

1,716,245.1

0.2%

2.3%

3.9%

Financial derivatives(3)

       

-        Futures:    IBEX 35

393.0

-15.7%

-0.2%

-16.5%

                   Mini IBEX 35

55.9

-26.9%

-35.6%

-44.7%

                   Shares

13.4

109.8%

173.9%

-10.6%

-        Options:   IBEX 35

47.3

-45.4%

-0.4%

-33.3%

                   Shares

666.5

30.1%

-8,5%

-33.9%

(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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