September trading volumes were led by Dax and Ibex 35 as warrants dominate market activity.
Trading activity in structured products during September 2025 reflected continued investor interest in major European indices and select equities , according to data published by the Spanish Stock Exchange (BME) . In terms of number of trades, the Ibex 35 remained dominant both annually and monthly The most traded underlying by volume over the year was the Dax, which accounted for €76.6m, followed by the Ibex 35 at €50m and the Nasdaq 100 at €28.3m. Among individual st