PRESS RELEASE

The Spanish Exchange traded €28.01 bn in August

  • It represents a 14.2% decrease on the same month last year
  • The number of trades in equities increased by 5.8% in August
  • BME’s market share of Spanish equities was 70.7% since the beginning of the year
  • Fixed income trading volume was 135.1% higher than in August 2018
  • Financial Derivatives trading increased 13.1% in the month

The Spanish Exchange traded €28.01 billion in Equities in August, 14.2% less than the same month last year and 31.5% lower than in July. The number of trades was 3.1 million in August, an increase of 5.8% compared to August 2018 but down 8.4% compared to the previous month.

BME's market share of Spanish equities as of 31 August since the beginning of the year stood at 70.7%. The average spread was 5.19 basis points in August at the first price level and 7.39 basis points with €25,000 of depth of the order book (12.2% and 33.5% better than the next trading venue), according to an independent report by LiquidMetrix, available here: www.bmerv.es/ing/Miembros/MIFID_II.aspx. In all trading venues this data includes both transparent order book (LIT) trading – including auctions – and non-transparent (dark) off-book trading.

Fixed Income trading in the secondary market amounted to €27.54 billion. This is a decrease of 11.9% compared to July, due to the slowdown in activity in August, but is 135.1% higher than the volume in August 2018. Total accumulated trading in the year amounted to €245,05 billion, a year-on-year increase of 89.4%.

New issues admitted to trading in the Fixed Income primary market in August was €16,01 billion, a decrease of 40.3% compared to the previous month but 15.9% higher than in August last year. The outstanding balance has increased by 2.7% in the year, to €1.6 trillion euros.

The trading volume in Financial Derivatives increased by 9.8% to August, compared to the same period last year. Monthly figures show a 13.1% increase in trading. Trading of IBEX 35® futures contracts rose 24% compared to August last year, and trading of Mini IBEX 35® futures was up by 46%. Trading in options on the IBEX 35® and shares also performed positively, increasing by 25.5% and 5%, respectively. 


Trading by business areas and assets

 

August

2019

Change

July 2019

Change

August 2018

Accumulated
change in year

Equities(1)

       

-       Equities

28,019.4

-31.5%

-14.2%

-23.7%

Number of trades

3,106.5

-8.4%

5.8%

-17.7%

-       Warrants

19.1

-23.0%

-31.4%

-21.7%

Number of trades

5.5

-10.6%

-8.0%

-16.3%

-       ETFs

112.0

-46.0%

-40.3%

-48.8%

Number of trades

5.7

6.1%

12.6%

-33.8%

Fixed Income

       

Traded Volume(2)

27,543.2

-11.9%

135.1%

89.4%

New Issues

16,014.2

-40.3%

15.9%

11.6%

Outstanding Balance

1,563,038.3

0.3%

1.9%

2.7%

Financial derivatives(3)

       

-       Futures:      IBEX 35

       567.6  

13.5%

24.0%

-5.6%

                   Mini IBEX 35

       153.3  

38.5%

46.3%

-6.5%

                   Shares

         74.5  

-87.4%

-33.1%

82.2%

-       Options:   IBEX 35

       303.3  

0.7%

25.5%

2.6%

                                Shares

       859.0  

-30.9%

5.0%

-21.2%

(1) By asset type in million euros; number of trades in thousands

(2) Since implementation of MiFID II only trading on electronic platforms included

(3) Thousands of contracts