Print
04-MAY-2020

The Spanish Exchange traded 30.60 bn euros in April (-37.6%) on 3.4 million trades (+18.1%)

MONTHLY TRADING STATEMENTS FOR BME MARKETS

  • The trading volume in the first four months totaled 160.26 billion, up 1.7%
  • On April 15th, the Spanish securities market supervisor (CNMV) agreed to extend the ban on short selling
  • Fixed Income trading registers an increase of 14% compared to April 2019
  • The value of trading in IBEX 35 and Mini IBEX 35 Futures to the end of April grows by 20.2% and 55.9%, respectively

The Spanish Stock Exchange traded 30.60 billion euros in Equities in April, down 37.6% from the same period in 2019. The effective trading volume for the first four months of the year totaled 160.26 billion euros, up 1.7% year on year. The number of trades in April reached 3.4 million, up 18.1% from the same period a year earlier. The number of equity trades in the first four months of the year came in at 18.6 million, up 49.6% from the same period a year earlier.

BME's market share in Spanish equities in April stood at 77.97%, The average spread for the same period was 10.20 basis points at the first price level (7% better than the next trading venue) and 15.42 basis points with order book depth of 25,000 euros (20% 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.

On March 17th, the CNMV banned the constitution or increase of net short selling of securities admitted to trading on the Spanish stock market for a period of one month following a first ban, on March 13th. On April 15th, 2020, the CNMV agreed to extend this measure until May 18th. In April a decrease in the value of block trading was also reported.

The total traded volume in Fixed Income was 31.66 billion euros in April, up 14% year on year. New issues admitted to trading, including Public Debt and Private Fixed Income issuances, amounted to 56.27 billion euros, with growth rates of 32% compared to March this year and 154.4% from the same month of 2019. The outstanding balance stood at 1.6 trillion euros, up 3.1% so far this year.

The trading volume in the Financial Derivatives kept increasing in the first four months of the year, posting growth rates of 20.2% and 55.9% in IBEX 35 and Mini IBEX 35 Futures respectively. The trading volume of Stock Options grew 52.7% to the end of April.

In April, trading decreased with respect to the same month of the previous year. The value of trading in IBEX 35 Futures fell 29%, it did too in IBEX 35 Options by 57% and in Stock Options as well, by 48.8%.

Trading by business areas and assets

 

April

2020

%Change

March20

%Change

April19

% Change

YearToDate2020

Equities(1)

       

-       Equities

30,607.2

-44.8%

-37.6%

1.7%

Number of trades

3.4

-54.7%

18.1%

49.6%

-       Warrants

20.9

-31.9%

-22.7%

-6.0%

Number of trades

6.1

-41.7%

9.2%

25.5%

-       ETFs

204.6

-55.3%

60.9%

72.3%

Number of trades

15.6

-53.6%

226.4%

222.0%

Fixed Income(1)

       

Traded Volume(2)

31,664.7

1.1%

14.0%

-13.1%

New Issues

56,271.6

32.0%

154.4%

15.9%

Outstanding Balance

1,603,637.4

1.1%

3.1%

3.1%

Financial derivatives(3)

       

-       Futures:      IBEX 35

320.5

-63.4%

-29.0%

20.2%

                   Mini IBEX 35

76.9

-78.2%

-21.0%

55.9%

                   Shares

1,072.2

-63.0%

-51.8%

-36.4%

-       Options:   IBEX 35

103.1

-23.7%

-57.0%

-21.7%

                                Shares

415.2

-81.1%

-48.8%

52.7%

(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