Spanish Exchange BME Posts Double-Digit Decline in 2016 Volumes

In terms of BME’s ETF segment for 2016, the figure amounted to €6 billion ($6.28 billion).

Bolsas y Mercados Españoles (BME), the operator of all stock markets and financial systems in Spain, has reported its trading volumes for the 12 months ending December 31, 2016, which showed a stumble across key areas, including equity turnover that was lower by double digits YoY.

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Delving into the figures, the Spanish Stock Exchange revealed that equity trading volume pointed lower in 2016, coming in at €652.9 billion ($683.49 billion), down 32.1 percent YoY compared to 2015’s figures. In December 2016, the trading volume was down by a factor of -27.5 percent MoM to €48.9 billion ($51.19 billion).

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In addition, the number of trades in 2016 decreased by 11.8 percent in month on month terms to 4 million, bringing the total figure in the twelfth month of the year to 54.4 million, a 12.1 percent YoY drop.

In terms of BME’s ETF segment for 2016, the figure amounted to €6 billion ($6.28 billion) – this represents a drop of 52.2 percent YoY compared to 2015. Across the monthly interval, ETF volumes totalled €390 million ($408.22 million), down 17 percent relative to December 2015.

As for trading volume in the derivatives market in December 2016, the figure reversed the narrative, having yielded 6.4 million contracts – this represents a jump of 80 percent MoM when weighed against its November’s equivalent. However, this didn’t correspond to a YoY advance as the overall trading volume in 2016 was down 5.1 percent.

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