Fixed
Income
3
40
STRUCTURE ORGANISATION AND OPERATION
OF THE SPANISH SECURITIES MARKET
In an operating system similar to that of the stock
market, retail investors benefit from greater security
and swifter transaction times, and obtain more fluid
information regarding prices, as this platform aspires
to become an objective and accurate reference for
real-time prices of the securities traded therein. Weak
confidence among institutional investors in wholesa-
le markets is prompting quite a few issuers to turn
their attention to retail investors,
leading them to consider new issues targeting
this audience. Increased private savings has helped
reinforce this new approach. It is therefore expected
that the volume of trading through SEND will conti-
nue to grow gradually as its mechanisms and functio-
ning are perfected, and its order transmission and
routing processes automated, while its client base is
expanded.
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