Press Release

The Spanish Exchange traded €32.48 bn. in September

1 October, 2019

Monthly trading statements for BME markets

  • It is 7.1% lower than in the same month the previous year and 15.9% higher than in August
  • BME's market share in Spanish equity trading stands at 70.50%
  • Fixed Income trading volume increased 29.13% on September 2018
  • Trading on the Derivatives market up 4% in the first nine months of the year

The Spanish Stock Exchange traded €32.48 billion in Equities in September, 7.1% lower than in the same month the previous year and 15.9% higher than in August. The number of trades reported in September was 3.07 million, an increase of 3.2% compared to September 2018 but down 1.1% from the previous month.

BME's market share in Spanish equities as of 30 September stood at 70.50%. The average spread in September was 4.87 basis points at the first price level and 7.03 basis points with order book depth of €25,000 (10.8% and 30.9% 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 €24.58 billion. This is an increase of 29.13% compared to September 2018. The total accumulated trading during the year amounted to €269.64 billion, a year-on-year increase of 81.7%.

New issues admitted to trading in the Fixed Income primary market in September was €20.73 billion, up 29.45% on the previous month but 25.6% lower than in September last year. The outstanding balance has increased by 2.94% so far this year, to €1.6 trillion euros.

The trading volume in Financial Derivatives increased by 4% to September, compared to the same period last year. Monthly highlights include a 28.7% increase in Mini IBEX 35® futures and a 4.2% increase in Options on the IBEX 35®, both year-on-year.


Trading by business areas and assets

 

September

2019

Change

August 2019

Change

September 2018

Accumulated
change in year

Equities(1)

       

-       Equities

32.486,9

15,9%

-7,1%

-22,4%

Number of trades

3.073,5

-1,1%

3,2%

-15,8%

-       Warrants

15,9

-17,0%

-49,0%

-24,5%

Number of trades

5,6

2,7%

-6,2%

-15,3%

-       ETFs

96,4

-13,9%

-21,6%

-47,4%

Number of trades

4,1

-28,9%

-20,2%

-32,8%

Fixed Income

       

Traded Volume(2)

24.589,1

-10,7%

29,1%

81,7%

New Issues

20.731,1

29,5%

-25,6%

7,2%

Outstanding Balance

1.567.070,2

0,3%

1,3%

2,9%

Financial derivatives(3)

       

-       Futures:      IBEX 35

       479,5

-15,5%

-2,3%

-5,2%

                   Mini IBEX 35

       122,9  

-19,9%

28,7%

-3,6%

                   Shares

       825,2  

1008,3%

-53,6%

52,1%

-       Options:   IBEX 35

       388,7  

28,2%

4,2%

2,8%

                                Shares

1.466,3  

70,7%

-21,2%

-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

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