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Bolsas y Mercados Españoles

Spanish stock exchange company From Wikipedia, the free encyclopedia

Bolsas y Mercados Españoles
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Bolsas y Mercados Españoles (Spanish pronunciation: [ˈbolsas i meɾˈkaðos espaˈɲoles]; BME or BME Group) is the Spanish company that deals with the organizational aspects of the Spanish stock exchanges and financial markets. It is owned by SIX Group.

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Overview

BME owns the stocks exchanges of Madrid, Barcelona, Valencia [es] and Bilbao [es] as well as Latibex [es], an international market for Latin American securities, and the company Openfinance, a provider of technology in the wealth management industry. In addition, BME holds a participation in the Cámara de Riesgo Central de Contraparte of Colombia and the Mexican Stock Exchange.[2]

BME also owns and operates BME Clearing, a central counterparty clearing house, and Iberclear, a central securities depository. Iberclear was formed in 2003 by merger of the Bank of Spain's book-entry system (known as CADE, for Central de Anotaciones de Deuda Pública) ant the stock exchange's Securities Clearing and Settlement Service (SCLV, for Sistema de Compensación y Liquidación de Valores).[3]

BME has been a listed company since 14 July 2006 and an IBEX 35 constituent since July 2007 until December 2015. As of 2019, it was among the smallest of Europe's exchanges with a market capitalisation of 2.1 billion euros ($2.32 billion), less than half of Euronext's 5.2 billion euros.[4][5][6]

In 2020, SIX Group, owner of the Swiss Stock Exchange, finalised the purchase of BME.[7]

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See also

References

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