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.
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.