Madrid Exchange Volumes Jump 30% MoM in October

One of Europe's worst performing major economies is seeing light at the end of the tunnel as positive data is coming out of the southern European nation. Spain’s main financial trading exchange has reported brighter than bright trading metrics for October, with trading volumes reaching a two-year high. The news comes after the central bank announced a recession free Spain after the economy grew by 0.1% between July and September.

Highlights:

• Monthly record high in the number of trades in October, at 6.4 million,up from 133% from the same month in 2012
• In October, the ETF trading volume increased fivefold year-on-year
• Trading in derivatives in October amounted to 5.57 million contracts, the second highest posted so far this year
• Trading on the corporate debt market reached €112.4 billion in October, up 91% from the previous month

Equities:

The equity trading volume on the Spanish Stock Exchange in October reached €91.4 billion, up 30% from the same period a year earlier. The figure was the highest for the last 27 months. In the first ten months of the year the effective trading volume totaled €575.8 billion, down 3.9% from the same period in 2012.

The number of trades in October hit a monthly record high, reaching 6.36 million, up 133% from the same period last year. As for the ETF segment, the trading volume up until the end of October came in at €3.3 billion, up 40.2% year on year. The trading volume in this segment in October came in at €889 million, up 380% from October 2012 and up 154% from September 2013.

The number of ETF trades in the first ten months of the year totaled 54,515, up 11.2% year-on-year. The number of trades in October reached 7,637, up 109% from the same month in 2012, and up 35.5% from September 2013.

Futures and Options:

In October, trading on BME’s derivatives market came in at 5.57 million contracts, the second best figure so far this year and up 20% from the same month in 2012.

By product, it is worth mentioning the options segment, which reported its highest trading volumes so far this year. Trading in options on stocks came in at 3.4 million contracts, 92% higher year-on-year, while the trading volume in options on indices reached 541,454 contracts, up 18% from a year earlier.

Forex Magnates' Quarterly Industry Report for Q3 2013 examines in detail the forex market in Spain and Italy.