Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index: 98,793.15 +400.35

The Spanish Stock Market Trades 41.3 Billion Euros In October

Date 02/11/2021

  • The Equity trading volume in October was 47.5% higher year-on-year and 27.7% higher than in the previous month
  • New Fixed Income issues were up 17.8% year-on-year
  • Trading in Equity Futures contracts in October increased by 13.3% compared to the same month in 2020 and in the first ten months it grew 23.8% year-on-year

The Spanish stock market traded 41.3 billion euros in Equities in October, 47.5% higher year-on-year and up 27.7% from the previous month. The number of trades was 3.6 million, down 13.3% year-on-year and down 3.2% from the preceding month.

BME's market share in Spanish equities stood at 74.88%. The average spread in October was 5.18 basis points at the first price level (18.7% better than the next trading venue) and 7.62 basis points with order book depth of 25,000 euros (41.4% 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 October on the Fixed Income markets reached 15.9 billion euros, 36.4% less than in September. New issues, including Public Debt and Private Fixed Income issues, amounted to 27 billion euros, up 17.8% compared to the same month last year.

The outstanding balance stood at 1.7 trillion euros, up 0.7% in October and up 5.6% so far this year.

In the Financial Derivatives market, trading in equity Futures increased by 13.3% year-on- year and by 23.8% in the first ten months of 2021. The open interest in Equity Futures increased by 36.5% year-on- year.

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.

Trading by business areas and assets

 

October

 2021

%Change

September 2021

%Change

October

2020

Year to Date %

Equities(1)

       

-       Equities

41,284.5

27.7%

47.5%

-11.3%

Number of trades

3,634.1

-3.2%

-13.3%

-16.6%

-       Warrants

26.7

-0.2%

5.8%

-9.5%

Number of trades

6.0

-4.0%

26.6%

-23.4%

-       ETFs

136.4

-13.5%

-2.8%

-37.5%

Number of trades

6.2

-28.0%

-31.2%

-40.5%

Fixed Income(1)

       

-       Traded Volume(2)

15,857.5

-36.4%

-44.6%

-16.7%

-       New Issues

27,002.6

-13.1%

17.8%

-4.8%

-       Outstanding Balance

1,743,786.1

0.7%

4.6%

5.6%

Financial derivatives(3)

       

-       Futures:    IBEX 35

412.7

-20.5%

-12.2%

-13.8%

                   Mini IBEX 35

75.0

-4.2%

-32.9%

-42.4%

                   Shares

131.7

-96.1%

13.3%

23.8%

-       Options:   IBEX 35

64.5

-54.1%

-58.9%

-38.4%

                   Shares

989.1

-33.4%

-19.8%

-28.2%

(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