Portfolio Stock Exchange

Portfolio Stock Exchange is a European multilateral trading facility (MTF) authorised by the Spanish National Stock Markets Authority (CNMV). It positions itself as a next-generation stock exchange designed for companies of all sizes and investors worldwide, aiming to reinvent capital markets by combining primary and secondary markets on a single platform. The exchange integrates custody and post-trade processes for issuers and investors, and claims to reduce costs by as much as 90% compared to traditional exchanges. Portfolio offers an open, accessible venue for equity and debt instruments, participations in investment funds, and money market instruments. It targets a broad range of issuers, including real estate, mid-cap and tech startups, FMCG, industrial and retail companies, family businesses, project finance, eSports, equity and debt crowdfunding platforms, bonds, private equity and venture capital, alternative investment funds, and other investment vehicles. The exchange emphasises accessibility, security, privacy, and control, with a streamlined issuance process. The company is led by co-founder and CEO Santiago Navarro de Andrés, a former banking and finance lawyer at Ashurst LLP, and co-founder Mariano Torrecilla Lahuerta, a serial tech entrepreneur. The chairman is Rafael de Cascante, former board member and head of legal at Santander Bank Capital Markets. Other executives include Carlos Cuéllar Saorí (Chief Strategy Officer & Head of EMEA, former CEO at Santander Bank Capital Markets), José Carlos Aguilar Ginés (CTO, former Chief Data and Cybersecurity Officer at Abengoa), and Javier Rodríguez Izquierdo (Head of Capital Markets, former VP at JPMorgan Chase). Portfolio Stock Exchange is based in Spain and operates under European Union regulations. It is a private company and not itself listed on a stock exchange. Its website is portfolio.exchange.

Portfolio Stock Exchange was established as a multilateral trading facility (MTF) under European Union regulations, authorised by the Spanish National Stock Markets Authority (CNMV). It was created to address what its founders describe as a broken business model of traditional stock exchanges, aiming to provide a more accessible, cost-effective, and integrated platform for both issuers and investors. The exchange's core innovation is the combination of primary and secondary markets on a single platform, integrating custody and post-trade processes. This design is intended to reduce costs by as much as 90% compared to traditional exchanges. Portfolio targets a wide range of issuers, from real estate and mid-cap companies to tech startups, family businesses, and alternative investment funds. The leadership team includes co-founder and CEO Santiago Navarro de Andrés, a former banking and finance lawyer at Ashurst LLP, and co-founder Mariano Torrecilla Lahuerta, a serial tech entrepreneur. The chairman is Rafael de Cascante, former board member and head of legal at Santander Bank Capital Markets. Other key executives bring experience from Santander, JPMorgan Chase, Abengoa, BNP Paribas, and other financial institutions. As of its public launch, Portfolio Stock Exchange operates as a private company based in Spain, serving the European market. It continues to develop its platform and expand its offering to various asset classes and issuer types.

Next-generation European stock exchange for ambitious companies of any size, offering lower costs and integrated services.

• Equity instruments

  Listed and traded on the MTF.

• Debt instruments

  Bonds and other debt securities.

• Participations in investment funds

  Units or shares in investment funds.

• Money market instruments

  Short-term debt instruments.

1. 1Portfolio | Home | Portfolio Stock Exchangeportfolio.exchange
2. 2Portfolio | About | Portfolio Stock Exchangeportfolio.exchange
3. 3Portfolio Stock Exchange - Wikidatawikidata.org