The Spanish stock market trades 34.3 billion euros in February, 25% more than a year ago

1 March, 2022

MONTHLY TRADING STATEMENTS FOR BME’S MARKETS

 

  • The number of Equity trades is 11.5% higher than in January
  • New issues in the Fixed Income market increase 25.5% from February 2021
  • Trading in IBEX 35 Futures increased by 25.8% and in Mini IBEX Futures by 23.1% compared to the same month of the previous year.

 

The Spanish stock exchange traded 34.3 billion euros in Equities in February, up 25% year on year and up 7% from the previous month. The trading volume so far this year is up 13.4%. The number of trades in February was 4.1 million, 2.3% lower year on year and 11.5% higher than in January 2022.

BME's market share in Spanish equities in 2021 stood at 68.89%. %. The average spread in this month was 6.14 basis points at the first price level (11.5% better than the next trading venue) and 8.59 basis points with order book depth of 25,000 euros (36.1% 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 February in the Fixed Income markets reached 9.7 billion euros, 33.7% less than in January.  Admissions to trading, including Public Debt and Private Fixed Income issues, amounted to 35.8 billion euros, a decrease of 20.4% compared to January and an increase of 25.5% from the same month the previous year.

The outstanding balance stood at 1.73 trillion euros, up 0.9% for the month and up 3.4% year on year.

The Financial Derivatives market traded a total of 1.6 million contracts in February 2022, representing a nominal 47 billion euros.

Trading in Derivatives contracts on the IBEX 35 index increased across the board compared to the same month  the previous year; trading in IBEX 35 Futures increased by 25.8%, in Mini IBEX Futures by 23.1% and in IBEX 35 Options by 8%.

The open interest increased 1.5% in Stock Futures and also in Option contracts, 16% in IBEX 35 Options and 9.4% in Stock Options, all compared to January.

 

Trading by business areas and assets

 

 

February

 2022

%Change

Jan22

%Change

Feb21

Year to Date

2022

Equities(1)

       

-        Equities

34,314.5

7.0%

25.0%

13.4%

Number of trades

4,111.2

11.5%

-2.3%

-9.2%

-        Warrants

36.4

32.0%

59.4%

47.4%

Number of trades

8.6

28.0%

42.2%

29.6%

-        ETFs

174.7

83.4%

53.2%

8.5%

Number of trades

9.9

54.7%

33.7%

6.9%

Fixed Income(1)

       

-        Traded Volume(2)

9,704.0

-33.7%

-65.3%

-48.1%

-        New Issues

35,809.1

-20.4%

25.5%

-8.5%

-        Outstanding Balance

1,738,549.1

0.9%

3.4%

1.1%

Financial derivatives(3)

       

-        Futures:    IBEX 35

513.6

14.3%

25.8%

17.9%

                   Mini IBEX 35

101.2

32.5%

23.1%

8.0%

                   Shares

41.9

86.4%

-61.4%

-46.8%

-        Options:   IBEX 35

158.4

28.5%

8.0%

-3.3%

                   Shares

822.1

-4.8%

-35.0%

-38.2%

 (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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