Monthly Benchmarks on the Reception of Orders
- Statistics (contents only available in Portuguese)
In December 2019, the value of orders in financial instruments received by financial intermediaries and registered at the CMVM amounted to €5,169.1 million, a 12.8% decrease apropos November. Since the beginning of the year, this benchmark increased by 8.9% over the same period of last year.
The monthly value in financial instruments of public debt and private debt dropped, with 12% down to € 3,197.4 million euros and 22% down to 754.5 million, respectively. Shares decreased 7% down to €880.1 million.
BIG had the largest market share (16.9%), followed by BCP (16.8%) and Banco BPI (11.4%). In public and private debt, the largest stake came from Banco LJ Carregosa (40.0%) followed by Novo Banco (23.9%) and BNP Paribas (20.8%).
The value of orders on derivative financial instruments increased by 1.8% over the previous month up to €9,523.5 million, while the number of traded contracts decreased by 16.5%.
CFDs were the most traded financial instrument in the derivatives market (45.5% of the total), with transactions decreasing by 14.8% apropos November. Futures transactions were up by 182.7%.
During the same period, the value of orders of residents registered a monthly downturn of 18.2% and that of non-residents, decreased by 8.1%.
Regarding market execution, 30% of orders were executed out of the market, 23.4% in international markets, 11.1% in national regulated markets and 35.5% were internalised.
The USA, France and Belgium were the top three destinations for orders placed on shares outside Portugal, while the United Kingdom, France and Italy were the main destinations for orders on debt securities.