Press Release

The Spanish Stock Market trades 31.7 billion euros in July

3 August, 2020

MONTHLY TRADING STATEMENTS FOR BME MARKETS

  • The number of Equity trades grew by 34.2% last month and by 53.6% in the first seven months
  • Admissions to trading for Fixed Income markets grew by 53.1% year on year
  • Trading in IBEX 35 Futures and Mini IBEX 35 from January to July grew by 7% and 27.2% respectively

The Spanish Stock Exchange traded 31.7 billion euros in Equities in July, down by 22.4% year on year and down by 36.2% in June. The effective cash volume traded at the end of July totaled 271.1 billion euros, down by 3.4% year on year.

The number of trades in July amounted to 4.5 million, 34.2% more than in June 2019 and 23.9% less than in the preceding month. The number trades from January to July stood at 33.3 million, which represents a 53.6% increase compared to the same period the previous year.

BME's market share in Spanish equities in June stood at 71.5%, The average spread for the same period was 7.30 basis points at the first price level (12.4% better than the next trading venue) and 10.87 basis points with order book depth of 25,000 euros (25.3% better), according to an independent report by LiquidMetrix, available here: 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.

Fixed Income trading volume in July decreased to 21.2 billion euros, down by 12.1% year on year. New admissions to trading, including Public Debt and Private Fixed Income, decreased to 41.04 billion euros, down by 29% compared to the preceding month and 53.1% more than in July 2019. MARF’s primary market registered new issues amounting to 1.07 billion euros.

The outstanding balance stood at 1.7 trillion euros, which implies an increase of 0.3% compared to the preceding month.

Trading in the Financial Derivatives market from January to July increased by 7% in IBEX 35 Futures and by 27.2% in Mini IBEX 35 Futures. For Ibex 35 Options it is down by 33.8%.

The trading volume in Stock Options increased by 11.6% year on year, and by 30.6% from January to July. Open position in these contracts rose by 8.9% year on year and by 10% compared to the preceding month.

Trading by business areas and assets

 

July

2020

%Change

June20

%Change

July19

% Change

Year To Date 2020

Equities(1)

       
  • Equities

31,747.5

-36.2%

-22.4%

-3.4%

Number of trades

4,547.9

-23.9%

34.2%

53.6%

  • Warrants

31.0

-18.0%

24.6%

3.0%

Number of trades

7.5

-35.9%

21.8%

31.1%

  • ETFs

176.9

-32.4%

-14.8%

58.7%

Number of trades

10.0

-39.5%

85.8%

196.4%

Fixed Income(1)

       

Traded Volume(2)

21,222.6

-43.0%

-32.1%

-12.1%

New Issues

41,056.7  

-29.0%

53.1%

39.7%

Outstanding Balance

1,669,817.9

0.3%

7.1%

7.4%

Financial derivatives(3)

       
  • Futures:      IBEX 35

 452.4  

-16.2%

-9.6%

7.0%

                   Mini IBEX 35

 105.6  

-29.3%

-4.6%

27.2%

                   Shares

 158.6  

-80.9%

-73.2%

-35.8%

  • Options:   IBEX 35

 103.8  

-64.1%

-65.5%

-33.8%

                                Shares

 1,387.8  

-52.2%

11.6%

30.6%

(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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