BBVA leads the ranking of Spanish Stock Exchange for fifth year in a row January 22, 2013
BBVA leads the ranking of Spanish Stock Exchange for fifth year in a row
Antonio Luna, head of Equities Europe, and José Luis Acebes, head of Execution, analyse the reasons behind the improvement of the BBVA market share in a falling trading volume environment.
Q: BBVA has scored first again in the Spanish Stock Exchange, why is that?
BBVA consolidates its leading position in the Spanish Stock Exchange. For fifth year in a row BBVA leads the ranking by volume in the Spanish Stock Exchange. This leading position is due to a clear strategy in which technology, research, pricing ability and client coverage makes us unquestionable leaders in client services.
Q: In a year with a 25% decrease of the trading volume, how can we explain the improvement of BBVA?
This excellent result is due to the efforts of BBVA great professionals. Both in the Global Markets teams and the network teams, we have a big technologic platform which has allowed us to be this successful. This operating volume is possible thanks to our excellent and close relationship with our international and national clients, which has allowed us to reach a higher share than last year. We have grown from the 16% to the 18%, consolidating our leading position in the Spanish market.
Q: What have been the trends in 2012?
This last year has been really complex. The European crisis, the euro crisis and the situation in Spain have set trends and created opportunities. But we cannot forget the consequences of new regulations. The restrictions in short selling implemented in some European countries this year, have clearly had an impact in the trading volumes.
Q: What can we expect from this year 2013?
There are two main trends that we will see in this year: from the economic point of view, the improvement of the global cycle, the clarification of the euro zone environment and the improvement of the Spanish economy forecasts have made us positive both in the equity world and in asset allocation, in the investment portfolios. On the other hand, and as the second driver, we can talk about the regulatory framework. 2013 will be a transition year because of the fragmentation that will lead to the emergence of new trading platforms in the Spanish Stock Exchange. Furthermore, all the issues related to post trade. In BBVA we perceive this special emphasis on post trade as an opportunity, because it is completely aligned with the corporate strategy of proximity to customers.