The Spanish Exchange, (BME), has published its trading volumes for the first month of 2019, with the exchange reporting its best trading volumes for equities since and a dramatic uptick in fixed income trading.
Specifically, the BME had a trading value worth €41.40 billion for equities during the month of January. This is 6.8 per cent more than December of 2018 and, as mentioned above, the best performance in the past three months.
However, despite this month-on-month uptick, when measuring this amount against the same time in the previous year, it is actually 18.6 per cent lower. For equities, the number of trades made during the month was 3.6 million, which 15 per cent higher than December.
Fixed income trading climbs in January on the BME
trading on the BME soared during the first month of 2019. The total value traded in January was €33.41 million. This is a significant jump of 240.8 per cent when compared to the previous month. Not only that but when comparing this figure against January of 2018, it is also up by 71.5 per cent.
The financial derivatives market, however, did not perform as solidly as fixed income. During January, the market had a notional traded volume of €49.03 billion. IBEX 35 Futures trading climbed by 4.8 per cent month-on-month in January, but on a yearly comparison, it was also down by 4.3 per cent.
Following a similar trend, Mini IBEX 35 Futures increase by 9.3 per cent from the previous month but it was still lower when measured against the volume traded in January 2018 by 4.1 per cent.
Conversely, the trading volume for Stock Futures achieved an incredible 328.3 per cent increase year-on-year. However, it was one of the few segments to report a drop from the previous month by 23 per cent.
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