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CIMD S.V. S.A. - OTF

CIMD S.V. S.A. - OTF is the organised trading facility of CIMD SV, the Spanish brokerage arm of Grupo CIMD, specialising in wholesale institutional intermediation across European financial markets.

Last updated September 26, 2026

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Overview

CIMD S.V. S.A. - OTF is the organised trading facility (OTF) operated by CIMD SV, the securities firm of Spain's Grupo CIMD. CIMD SV is a Madrid-based brokerage that specialises in intermediation between institutional clients in wholesale financial markets, and it describes itself as a leader in Spain for more than 40 years. Its client base consists mainly of leading European banks and securities firms, and it intermediates in a wide range of financial instruments, including energy derivatives, providing access to data and best prices through a mix of voice and last-generation electronic systems. The OTF itself, CIMD OTF, is a multilateral trading venue authorised by the Spanish securities market regulator, the CNMV, and recognised by ESMA. According to the company, it is one of only 17 such systems recognised in Europe (alongside 13 British, 1 French and another Spanish system), positioning it as a possible alternative to international brokers operating from Madrid. The facility is designed to serve European clients seeking organised, regulated execution for wholesale instruments. CIMD SV's business is organised into six areas: deposit and FX forwards; euro and currency interbank deposits; FX swaps; repos and simultaneous operations in the euro area; private fixed-income repos; and public debt, including Spanish Treasury bills, European public debt, other European or supranational government bonds, strips, asset swaps, inflation-linked products, exchange-traded derivatives on equities, fixed income and indices, execution and intermediation of listed and OTC derivatives (futures and options) on fixed income and equities, financing products and equity finance, execution and settlement services in global markets, and energy derivatives (gas and electricity), as well as institutional intermediation of swaps, forwards, futures and options. The firm is an executing member of EUREX. CIMD SV is part of Grupo CIMD, a Spanish financial group whose companies include Intermoney Agency Services S.A. and Intermoney Titulización S.A., among others. The group emphasises talent and professional development as core to its philosophy. The OTF is a key piece of market infrastructure within the group, giving institutional clients regulated access to wholesale trading in fixed income, rates, FX and energy derivatives from Madrid.

History

CIMD SV, the securities firm behind CIMD S.V. S.A. - OTF, is part of Grupo CIMD, a Spanish financial group. The brokerage describes itself as a leader in Spain for more than 40 years, indicating a long-established presence in Spanish wholesale financial markets. Over that period it has built a client base of leading European banks and securities firms, intermediating across a broad range of instruments. A defining development for the firm was the creation and authorisation of its organised trading facility, CIMD OTF. The OTF was authorised by the CNMV, Spain's securities market regulator, and recognised by ESMA. According to the company, it is one of only 17 such systems recognised in Europe, alongside 13 British systems, one French system and one other Spanish system. This places CIMD OTF among a small group of regulated multilateral venues serving European wholesale clients, and the firm presents it as possibly the best alternative to international brokers operating from Madrid. The firm's business has expanded across six broad areas: deposit and FX forwards; euro and currency interbank deposits; FX swaps; euro-area repos and simultaneous operations; private fixed-income repos; and public debt instruments including Spanish Treasury bills, European public debt, other European or supranational government bonds, strips, asset swaps and inflation-linked products. It also covers exchange-traded derivatives on equities, fixed income and indices; execution and intermediation of listed and OTC derivatives (futures and options) on fixed income and equities; financing products and equity finance; execution and settlement services in global markets; and energy derivatives (gas and electricity), as well as institutional intermediation of swaps, forwards, futures and options. The firm is an executing member of EUREX. CIMD SV operates within Grupo CIMD, whose other companies include Intermoney Agency Services S.A. and Intermoney Titulización S.A. The group states that its most valuable asset is its people and that it prioritises conditions for personal satisfaction and professional development, pursuing excellence and seeking top-level talent. The OTF remains a central piece of the group's market infrastructure, providing regulated access to wholesale trading from Madrid.

  • CIMD SV establishes itself as a leader in Spanish wholesale brokerage for more than 40 years.

  • CIMD OTF is authorised by the CNMV and recognised by ESMA as one of 17 such systems in Europe.

Products and positioning

Wholesale institutional brokerage and organised trading facility positioning itself as a Madrid-based alternative to international brokers for European clients.

  • CIMD OTF

    Organised Trading Facility authorised by CNMV and recognised by ESMA.

  • Deposit and FX forwards

    Interbank deposits in euros and currencies, FX forwards and swaps.

  • Repos

    Euro-area repos and simultaneous operations, private fixed-income repos.

  • Public debt instruments

    Spanish Treasury bills, European public debt, supranational bonds, strips, asset swaps, inflation-linked products.

  • Listed and OTC derivatives

    Futures and options on fixed income, equities and indices; executing member of EUREX.

  • Energy derivatives

    Gas and electricity derivatives intermediation.

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