It's still Finecobank to dominate the rankings Assosim of volumes traded on the stock market, while the queen of the bond market is confirmed Banca Akros.
The latest six-monthly report of the Association of financial market intermediaries says so, based on the transactions carried out by its members on the markets managed by Borsa Italiana, Hi-Mtf, Equiduct and by some intermediaries in the role of systematic internalisers.
Finecobank: dominates the share market both in terms of volumes traded and number of transactions
In the ranking "Actionsof the report of Assosim – developed on the basis of volumes processed on behalf of third parties on Euronext Milan Domestic, Euronext Growth Milan and EQUIDUCT and on any systematic internalisers managed - Finecobank holds a market share of 25,73, slightly down from 26,08% in the second half of 2021, while in second place is Intesa Sanpaolo, with a share of 16,09% up from 13,89% in the period June-December 2021 and in third place Banca Akros with a share of 10,18% from 8,65%, confirming the podium for all three compared to the previous semester. Same positions also for the standings "number of operations”: first is the same Finecobank which highlights the largest market share with a 23,19% from 22,27%, followed by Intesa Sanpaolo with 17,21% from 14,69% and from Banca Akros with a 9,26% from 8,82%.
Sul Stock market investor confidence has been undermined by a series of historical events, the report comments: the war in Ukraine, soaring inflation, the rally in commodity prices, the exclusion of Russia from the global financial system and, not lastly, the collapse of cryptocurrencies, fueling fears of a new global recession.
Il FTSE Mib has lost 22,10% since the end of 2021, settling at 21.294, while the FTSE Italy Star it came to lose 29,20%, again compared to the end of 2021, stopping at 45.716. On the other hand, it is growing volatility index of the main FTSE Mib index which from 12,10% in June 2021 reached 30,10% at the end of June 2022.
Il total value of trading on the Borsa Italiana stock market, equal in absolute value to 337 billion euro, grew by 8,52% compared to the first half of 2021, the number of transactions, equal to 45 million, also grew by 4,56%. Resuming the trading concentration on the stock market managed by Borsa Italiana on FTSE MIB securities. In fact, the percentage of trades on the main index went from 86,60% in the first half of 2021 to 89,10% in the first half of 2022. On the market Euronext Growth Milan, the countervalues traded increased by 10,79%: a total of around 2,1 billion euro of countervalue was traded, against over 800 thousand contracts (+21,41%).
Banca Akros and Intesa Sanpaolo: still leading the bond market, Equita Sim enters
On the bond segment - elaborated by aggregating i volumes traded by third party associates on DomesticMOT, EuroMOT, ExtraMOT, Eurotlx and Hi-MTF – the podium changes slightly compared to the previous semester: it remains on the first step Banca Akros with a market share of 29,73% from 33,04% in the previous six months, it confirms its second place Intesa Sanpaolo with a 23,36% increase from 17,48%, while the surprise is Equita Sim which rises to third place with a share of 8,63%, ousting Banca Cambiano. In the ranking for number of operations è Intesa Sanpaolo to excel with a market share of 29,26% from 24,75%, followed by Banca Akros with 23,15% from 24,38% and Finecobank with 9,55% from 9,84%.
In addition to the issues that influenced the stock market, fears of the monetary tightening expected by the ECB to try to put out the inflationary fire are added for the bond market. On the market A, the countervalues traded decreased by 17,66%: a total of around 75 billion euro of countervalue was traded, against 2 million contracts (+20,69%). On the market ExtraMOT, the countervalues traded decreased by 17,03%: a total of 190 million euro of countervalues were traded, against 4.047 contracts (+8,59%). On the market EuroTLX, both the values traded on behalf of third parties decreased (-16,68%) and the number of operations carried out on behalf of third parties (-19,64%). On the HI-MTF market, both the countervalues traded (-44,37%) and the number of transactions (-15,27%) decreased.
Derivatives market: with volatility it grows, first time since 2018
The greater volatility that characterized this particular start of the year allowed the derivatives market (Idem) to close the first half of 2022 by registering (with some exceptions) a growth of traded contracts. The IDEM market had not recorded a positive performance in terms of concluded contracts since the end of 2018, says the report. In total, around 16 million contracts were traded (+23,51% compared to the first half of 2021). In detail: Index Futures (+15,55%), Index MiniFutures (+66,31%), Index MicroFutures (+140%), Stock Futures (+1,12%), Stock Options (+26,72%) . Going against the trend: Index Option (-3,23%) and Stock Dividend Futures (-91,03%).
For the first time in this report, the ranking of intermediaries active on the HI-CERT Market – managed by HI-MTF – is published, where Certificates and Covered Warrants are traded with the new Request for Execution (RFE) function: on this market, there have been exchanged values for approximately 108 million euro, with over 125 transactions.
