The Spanish stock market trades 32.3 billion euros in September

1 October, 2021
  • The trading volume in equities is up 49.3% from August and 2.7% higher year-on-year
  • Fixed Income trading was up 26% year-on-year
  • Trading in IBEX 35 ® Futures contracts increased 32% from the previous month and 7.6% year-on-year

The Spanish stock market traded 32.3 billion euros in Equities in September, 49.3% more than in August and up 2.7% year-on-year. The number of trades in September was 3.8 million, up 38.3% from the preceding month and down 16.8% year-on-year.

BME's market share in Spanish equities stood at 70.33%. The average spread in September was 5.57 basis points at the first price level (10.6% better than the next trading venue) and 8.54 basis points with order book depth of 25,000 euros (24.0% 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 September on the Fixed Income markets reached 24.9 billion euros, 65.2% more than in August and up 26% year-on-year. New issues, including Public Debt and Private Fixed Income issues, amounted to 31 billion euros, up 40.6% compared to the same month last year.

The outstanding balance stood at 1.7 trillion euros, up 0.9% in September and up 4.8% so far this year.

In the Financial Derivatives market, trading in IBEX 35® Futures was up 32% from the previous month and up 7.6% year-on-year. As for Equity Derivatives, trading in Futures contracts increased by 376.1% and in Options by 21.1%, compared to September of the previous year.  Trading in Futures and Options on the Mini Ibex 35® increased by 40.1% and 196.8% respectively, compared to the previous month.  

The open interest in Equity Futures was up 38.1% year-on-year.

Trading by business areas and assets

 

September

 2021

%Change

August 2021

%Change

September

2020

Year to Date %

Equities(1)

       

-        Equities

32,305.7

49.3%

2.7%

-16.4%

Number of trades

3,754.67

38.3%

-16.8%

-16.9%

-        Warrants

26.7

62.3%

12.6%

-11.1%

Number of trades

6.3

41.3%

-10.9%

-26.9%

-        ETFs

157.6

69.1%

0.5%

-40.0%

Number of trades

8.6

76.1%

-10.2%

-41.2%

Fixed Income(1)

       

-        Traded Volume(2)

24,941.1

65.2%

26.0%

-13.1%

-        New Issues

31,074.0

124.4%

40.6%

-6.3%

-        Outstanding Balance

1,731,015.4

0.9%

3.0%

4.8%

Financial derivatives(3)

       

-        Futures:    IBEX 35

518.8

32.0%

7.6%

-14.0%

                   Mini IBEX 35

78.3

40.1%

-28.8%

-43.3%

                   Shares

3,390.5

25,262.7%

376.1%

24.0%

-        Options:   IBEX 35

140.4

196.8%

-51.6%

-36.5%

                   Shares

1,485.0

122.8%

21.1%

-29.0%

(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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