(BME), the Spanish Exchange, announced its monthly trading statistics for the month of 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 per cent 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 per cent from the previous month, which saw €35 billion in Equities traded.
Fixed Income volumes double year-on-year
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 per cent and 103.6 per cent year-on-year. This jump was due to an increase in public debt assets trading.
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 per cent, 44.6 per cent and 19.2 per cent month-on-month respectively.
Year-to-date (January until October) traded volumes for IBEX 35 Futures jumped by 3.6 per cent from the same time period last year. During the month of October, Open Interest on Stock Futures and Options were both up 27.3 per cent and 9.3 per cent respectively from the previous month.
Moving onto Spain’s Alternative Fixed Income Market (MARF), the volume of new issues admitted to trading during the month of October reached €762 million. This represents an increase of 65.5 per cent from October .
At the end of the first ten months of 2018, the accumulated trading volume was €5.2 billion. When compared to the same time period last year, this is up by 50.1 per cent. In this market, the outstanding balance is €3.3 billion, up 40.7 per cent.
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