The Spanish stock market trades 36.9 billion euros in April, up 28% yoy

3 May, 2022

MONTHLY TRADING STATEMENTS FOR BME’S MARKETS

  • Cash traded in Equities in the first four months of 2022 grows 20.1% yoy
  • New issues in the Fixed Income market in April reached 38.5 billion euros, up 10.2% yoy
  • Trading in IBEX 35 futures contracts increased 18.2% in the first four months of the year

The Spanish Stock Exchange traded 36.9 million euros in Equities in April, 27.9% more than in the same month of 2021 and 15.9% less than the previous month. The number of trades in April was 3.2 million, 13.6% less than in April 2021 and 40.4% lower than in March 2022.

BME's market share in Spanish equities stood at 71.82%. The average spread in this month was 6.54 basis points at the first price level (10.0% better than the next trading venue) and 8.65 basis points with order book depth of 25,000 euros (36.7% 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 April in the Fixed Income markets reached 8.7 billion euros, 5.4% less than in March. New issues, including Public Debt and Private Fixed Income issues, amounted to 38.5 billion euros, down 10.7% from March and up 10.2% from the same month the previous year.

The outstanding balance in April stood at 1.75 trillion euros, up 1.9% so far this year  and up 3.4% from April 2021.

The Financial Derivatives market traded 1.7 million contracts in April, representing a notional amount of 37.6 billion euros.

In the first four months of the year trading increased by 18.2% in IBEX 35 Futures, 17.6% in Mini IBEX Futures and 23.8% in Stock Futures. In Option contracts, in April there was an 87.3% increase in trading in Mini IBEX Options and a 40.1% increase in Stock Options, both year on year.

The open interest grew by 8.6% compared to March in Mini IBEX Options contracts and by 8.7% in Stock Options contracts.

Trading by business areas and assets

 

April

 2022

%Change

March22

%Change

April21

Year to Date

2022

Equities(1)

       

-        Equities

36,881.0

-15.9%

27.9%

20.1%

Number of trades

3,176.1

-40.4%

-13.6%

-5.0%

-        Warrants

36.1

-14.3%

69.7%

47.8%

Number of trades

5.6

-42.4%

22.0%

29.8%

-        ETFs

139.2

-51.5%

21.1%

35.1%

Number of trades

7.3

-54.8%

1.0%

11.2%

Fixed Income(1)

       

-        Traded Volume(2)

8,679.3

-5.4%

-58.4%

-54.0%

-        New Issues

38,498.2

-10.7%

10.2%

-0.7%

-        Outstanding Balance

1,752,061.7

0.0%

3.4%

1.9%

Financial derivatives(3)

       

-        Futures:    IBEX 35

410.7

-34.2%

-1.4%

18.2%

                   Mini IBEX 35

73.2

-52.1%

-1.2%

17.6%

                   Shares

10.5

-99.7%

-50.8%

23.8%

-        Options:   IBEX 35

124.1

6.2%

87.3%

-5.0%

                   Shares

1,131.0

-13.8%

40.1%

-14.1%

(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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