Bolsas y Mercados Españoles (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.
Overview
BME owns the stocks exchanges of Madrid, Barcelona, Bolsa de Valencia and Bolsa de Bilbao as well as Latibex, 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.[1]
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).[2]