PRESS RELEASE

The Spanish Exchange traded 37.88 BN Euros in February

  • Up 17.2% from the same month in 2019 and up 4.4% from  January
  • The number of equity trades in February increased 49.1% yoy to 4.16 million
  • New issues admitted in the Fixed Income markets posted      an 8.9% increase year-on-year
  • On 28 February 68,103 IBEX 35 PLUS contracts were  traded, hitting a daily a record high excluding the expiration weeks

The Spanish Stock Exchange traded 37.88 billion euros in Equities in February, up 17.2% from the same period in 2019 and up 4.4% from the previous month. The number of trades in February reached 4.16 million, up 49.1% from the same period a year earlier and up 23.9% from the preceding month.

 BME's market share in Spanish equities in February stood at 69.06%, The average spread for the same period was 5.23 basis points at the first price level (12.5% better than the next trading venue) and 7.12 basis points with order book depth of 25,000 euros (34.3% better), 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,

As regards Fixed Income new issues in February reached 23.20 billion euros, up 8.9% year-on-year. The outstanding balance was 1.56 trillion euros, up 0.9% year-on-year and up 0.7% compared to the corresponding year-to-date period in 2019. The trading volume in February reached 24.82 billion euros, up 3.7% from January.

The trading volume in the Financial Derivatives increased in February due to greater volatility. In fact on 28 February 68,103 IBEX 35 PLUS contracts were traded, hitting a daily record high, excluding the contract’s expiration weeks.

The trading value of IBEX 35 and Mini IBEX Futures grew by 14.9% and 15.2% respectively year-on-year.

In February, trading in IBEX 35 Options and Stock Options increased 43.5% and 110.5%, respectively, compared to the same month last year. So far in 2020 the increase is 47% for IBEX 35 Options and 83.0% for Stock Options. In the first two months of the year the trading volume in Financial Derivatives increased 18.1% year-on-year.

Trading by business areas and assets

 

February

2020

%Change

Jan20

%Change

Feb19

% Change

YearToDate2020

Equities(1)

 

 

 

 

      
  • Equities

37,889.3

4.4%

17.2%

0.6%

Number of trades

4,160.6

23.9%

49.1%

18.2%

      
  • Warrants

31.0

24.6%

29.5%

-5.3%

Number of trades

8.0

35.7%

36.7%

14.1%

      
  • ETFs

236.7

90.1%

86.8%

9.7%

Number of trades

11.6

146.0%

151.2%

60.4%

Fixed   Income

 

 

 

 

Traded Volume(2)

24,823.5

3.7%

-13.7%

-21.6%

New Issues

23,205.3

-45.3%

8.9%

-22.0%

Outstanding Balance

1,565,891

0.2%

0.9%

0.7%

 

Financial derivatives(3)

 

 

 

 

      
  • Futures:      IBEX 35

622.2

25.7%

31.6%

14.9%

                   Mini IBEX 35

161.3

51.2%

40.6%

15.2%

                   Shares

457.8

470.4%

598.6%

-70.0%

      
  • Options:   IBEX 35

298.3

9.1%

43.5%

47.0%

                                Shares

2,238.9

6.7%

110.5%

83.0%

 

(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