PRESS RELEASE

The Spanish Exchange traded €46.91 bn in October

  • Up 44.4% from September and down 13.2% from the same month the previous year
  • The trading volume in Fixed Income grew 70% year-on-year
  • Trading in Financial Derivatives in the first ten months of the year increased 3.3% on the same period last year

The Spanish Stock Exchange traded €46.91 billion in Equities in October, up 44.4% on the preceding month of September and down 13.2% on the same period last year. The number of trades reported in October came in at 3.4 million, an increase of 9.4% on the previous month and a decrease of 22% on the same period last year.

BME's market share in Spanish equities as of 31 October stood at 76.01%. The average spread in October was 5.18 basis points at the first price level and 7.22 basis points with order book depth of €25.000 (20% and 38.8% 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 amounted to €24.73 billion in October, an 0.6% increase on September. The total accumulated trading during the year amounted to €294.37 billion, a year-on-year increase of 70%.

New issues admitted to trading in October was €25.79 billion, up 24.4% from the previous month. The outstanding balance has increased by 1.5% so far this year, to €1.55 trillion euros.

The trading volume in Financial Derivatives in the first ten months increased by 3.3% on the same period last year. Monthly highlights include a 48.4% increase in Stock Futures, a 96.1% increase in Futures on Stock Dividends and growth of 137.1% in IBEX 35 Impacto Dividendo Futures. The trading volume in IBEX 35 Futures in October increased 7.4% on the preceding month, it grew 30.7% in Mini IBEX 35® futures and 12.2% in Stock Options.

Trading by business areas and assets

 

October

2019

Change

September 2019

Change

October 2018

Accumulated
change in year

Equities(1)

       

-       Equities

46,916.9

44.4%

-13.2%

-21.4%

Number of trades

3,362.8

9.4%

-22.2%

-16.5%

-       Warrants

22.7

42.7%

-63.4%

-31.1%

Number of trades

6.4

13.1%

-29.3%

-17.0%

-       ETFs

136.7

41.9%

-36.8%

-46.5%

Number of trades

6.1

50.0%

-22.7%

-31.7%

Fixed Income

       

Traded Volume(2)

24,732.0

0.6%

-1.5%

70%

New Issues

25,791.0

24.4%

-13.2%

4.9%

Outstanding Balance

1,556,317.7

-0.7%

1.5%

2.2%

Financial derivatives(3)

       

-       Futures:      IBEX 35

521.7

7.4%

-16.7%

-6.4%

                   Mini IBEX 35

160.5

30.7%

16.2%

-1.4%

                   Shares

163.9

-80.1%

-46.8%

48.4%

-       Options:   IBEX 35

311.4

-20.9%

-30.0%

-1.7%

                                Shares

1,659.0

12.2%

13.7%

-17.9%

(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