Bolsas y Mercados Espanoles (BME), the Spanish Exchange, announced its monthly trading statistics for October. BME, which operates all stock markets in the country, saw a significant jump in trades from September.
Specifically, during October, the number of trades reached 4.3 million, representing an increase of 45.2 percent from September, which experienced 3 million trades during the month.
In terms of volume, this translated to €54 billion in Equities traded in October. This is also a significant increase of 54.5 percent from the previous month, which saw €35 billion in Equities traded.
Fixed Income Volumes Double Year-On-Year
Fixed Income saw a steep month-on-month uptick, with the total number of trades at 25.1 million. When compared to September, this is an increase of 31.9 percent and 103.6 percent year-on-year. This jump was due to an increase in public debt assets trading.
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Taking a look at the financial derivatives market, October also proved to be a strong month. The number of trades for IBEX 35 Futures, Mini IBEX Futures, and Options increased by 27.7 percent, 44.6 percent, and 19.2 percent month-on-month respectively.
Year-to-date (January until October) traded volumes for IBEX 35 Futures jumped by 3.6 percent from the same period last year. During October, Open Interest on Stock Futures and Options were both up 27.3 percent and 9.3 percent respectively from the previous month.
Moving onto Spain’s Alternative Fixed Income Market (MARF), the volume of new issues admitted to trading during October reached €762 million. This represents an increase of 65.5 percent from October 2017.
At the end of the first ten months of 2018, the accumulated trading volume was €5.2 billion. When compared to the same period last year, this is up by 50.1 percent. In this market, the outstanding balance is €3.3 billion, up 40.7 percent.