Press Release

The Spanish stock market trades 39.4 billion euros in November

1 December, 2021

MONTHLY TRADING STATEMENTS FOR BME’S MARKETS

  • The volume of equity trades in November was up 11% from the previous month  
  • Fixed Income trading increases 8.5% from October
  • Trading in Ibex 35 futures contracts is up 19.3%

The Spanish stock market traded 39.4 billion euros in Equities in November, 7.4% lower year-on-year and down 4.5% from the previous month. The number of trades was 4 million, up 11% from the preceding month and down 30.9% year-on-year.

BME's market share in Spanish equities as of 29 November stood at 72.92%. The average spread in November was 5.61 basis points at the first price level (17% better than the next trading venue) and 7.77 basis points with order book depth of 25,000 euros (40.8% better), according to an independent report by LiquidMetrix, available here: https://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.

The volume traded in November on the Fixed Income markets reached 17.2 billion euros, 8.5% more than in October and up 12.5% year-on-year. New issues, including Public Debt and Private Fixed Income issues, amounted to 26.9 billion euros, up 101.9% compared to the same month last year.

The accumulated outstanding balance stood at 1.7 trillion euros, up 4.7% year-on-year.

In the Financial Derivatives market, trading in Ibex 35 Futures in November increased by 19.3% year-on- year, by 10.1% in Mini Ibex 35 Futures and by 55.4% in Ibex Options.

As for IBEX 35 Derivatives, trading in Futures contracts decreased by 12.2% compared to the same month last year, and by 58.9% in Option contracts.

There was also a 22.3% increase in equity futures trading in the first 11 months of the year.

Trading by business areas and assets

 

November

 2021

%Change

October 2021

%Change

November

2020

Year to Date %

Equities(1)

       

-        Equities

39,439.7

-4.5%

-7.4%

-10.9%

Number of trades

4,032.4

11.0%

-30.9%

-18.2%

-        Warrants

26.6

-0.4%

-17.4%

-10.4%

Number of trades

6.3

5.2%

-18.2%

-22.9%

-        ETFs

158.9

16.5%

-44.7%

-38.4%

Number of trades

8.0

29.1%

-47.0%

-41.2%

Fixed Income(1)

       

-        Traded Volume(2)

17,205.7

8.5%

12.5%

-15.0%

-        New Issues

26,891.4

-0.4%

101.9%

-1.0%

-        Outstanding Balance

1,729,320.7

-0.8%

3.8%

4.7%

Financial derivatives(3)

       

-        Futures:    IBEX 35

492.3

19.3%

-0.9%

-12.7%

                   Mini IBEX 35

82.6

10.1%

-33.1%

-41.6%

                   Shares

87.3

-33.7%

-48.5%

22.3%

-        Options:   IBEX 35

100.2

55.4%

-62.2%

-41.3%

                   Shares

1,116.0

12.8%

-6.6%

-26.6%

(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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