Annual Report 2014 BME
IT & Consulting
It expanded its service range to enable clients to meet
the ESMA regulations and is, therefore, integrating the
BME group’s routing and post-trading services.
In 2014, Visual Trader continued growing in terms
of users, terminals and revenues. In the second
quarter, it approved an app to meet the ESMA regu-
lations regarding the market access control systems,
providing access to the SIBE Smart platform so that
members can use VT’s ultra low-latency connection
(nanoDriver) and configure the mandatory filters and
a number of additional filters for the orders received
from their clients.
Another new feature was the Application Program-
ming Interface (API) so that members can automatically
control the filters from their own risk control system.
In 2014, Visual Trader launched a new version of the
VisualRisk system, enabling users to establish risk
management policies based on the composition of their
portfolio and the cash each client holds in their account.
Visual Trader unifies the group’s routing systems and
integrates them with BME’s post-trading services to
provide members, settlement entities and custodians
an integrated package of market access, back office
and depository services. These apps will be connected
to the new clearing management service called BME
Securities Solutions in October 2015 as a result of the
entry into force of the Registration, Clearing and Settle-
ment System Reform.
With the objective of meeting the growing demand for
a special type of transaction whose purpose is to obtain
the maximum priority of the orders sent to the market
in the opening auction, Visual Trader implemented in
the first quarter of 2014 the Fast Open service, which
automatically enters the orders when the opening
auction starts so that they are placedwith themaximum
possible priority in the securities’ order book.
Visual Trader is finalising the work to connect the SIBE
Smart from London, which should be implemented at
the end of January 2015, with the opening of a third
BME access hub. The new hub, located at Equinix’s
facilities in the City, will reduce the London-Madrid
latency by 20% and provide greater speed, quality and
access to the Spanish spot and derivatives markets,
thus increasing their liquidity and bringing London’s
financial institutions even closer to BME.
Visual Trader continues to focus on innovative tech-
nology since it implemented the maXCloud platform,
whose first product was a terminal to access the
Order Management System based on HMTL5, the new
Internet browser standard, which will connect new
users to the system and significantly reduce installa-
tion and maintenance costs.
Infobolsa: looking towards Latin America
In 2014, Infobolsa maintained its position as Spain’s
leading supplier of financial information services. It
also expanded the service range provided in Latin
America, consolidating its presence in Mexico and
starting commercial activities in other countries in
In 2014, it arranged a contract with the Colombian
stock exchange to supply its information screens and
develop native iOS apps so that its services are avail-
able in multiple channels.
In 2014, Infobolsa implemented the first online broker
fully designed and developed under the “Responsive
Web Design” standards at a foreign institution oper-
ating in Spain, enabling over 300,000 clients to access
the financial information tools from PCs, tablets and
smartphones. It also developed and implemented
the online mobile broker for other institutions and
set up new information websites in Andorra.
Openfinance, the subsidiary which develops, imple-
ments and maintains innovative technological solu-
tions for financial advice and portfolio management,
maintained its leading position in the Spanish market
in 2014, increasing its client base and its presence
where it already existed.
In 2014, Openfinance validated the suitability of
its technological solution for the Chilean, Mexican
and Colombian markets since it was purchased by
four major financial institutions in those countries,
increasing its client numbers to six in Latin America
and providing a promising outlook for 2015.
As a result of its performance in 2014, Openwork-
place is now used by more than 70 clients and
60,000 financial advisory users which, together with
the projections for the coming years, has led to the
opening of new Openfinance headquarters in the
financial centre of Valencia.