Bolsas y Mercados Españoles (BME), the operator of all stock markets and financial systems in Spain, has reported its trading volumes for the month ending March 31, 2017, which showed a mixed performance across key areas, including ETF turnover that was lower by double digits year-on-year.
Delving into the figures, the Spanish Stock Exchange revealed that equity trading volume pointed higher last month, coming in at €58.2 billion ($62.08 billion), up 28.6 percent compared to February 2017’s figures. Across a yearly interval however, the trading volume in March 2017 was down by a factor of -7 percent when compared with the same month a year earlier.
In addition, the number of trades last month increased by 32.7 percent in month on month terms, which also reflects a 2.8 percent rise year-on-year. The year-to-date number of equity trades reached 12.8 million, down 17.6 percent year-on-year.
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In terms of BME’s ETF segment for March 2017, the figure amounted to €557 million ($594 million) – this represents a jump of 97.2 percent from the preceding month. Across the yearly interval, ETF volume was down 23 percent relative to March 2016.
As for trading volume in the derivatives market in March 2017, the figure maintained the positive tone, having yielded 5.3 million contracts – this represents an increase of 111 percent over the month prior.
In terms of quarterly performance, the trading volume for the Q1 2017 totalled €159.8 billion, up 14.6 percent from the previous quarter and down 19 percent from a year earlier, which was in line with the overall trend worldwide of low trading volumes.