Stock exchange governing companies
The purpose of stock exchange governing companies is
to list for trading, supervise andmanage official secondary
markets for securities.
The Barcelona, Bilbao and Valencia stock exchange
governing companies deal exclusively with public debt
issued by the Catalonia, Basque Country and Valencia
regional governments, respectively.
The four stock exchange governing companies also own
25% of:
Bolsas y Mercados Españoles, Sistemas de Nego-
ciación, S.A., (BME Sistemas de Negociación).
the governing company of two multi-lateral trading
systems:
• Mercado Alternativo Bursátil (MAB),
which lists different
segments: small cap companies looking to expand,
collective investment institutions, venture capital firms
(ECRs) and hedge funds (SIL), and,
• Latibex,
the market for European investors to buy and
sell euro-denominated Latin American stocks.
MEFF Sociedad Rectora de Productos Derivados,
S.A.U. (MEFF).
Manages the official secondary market for derivatives
and the central party clearing house for equity and
fixed-income derivatives.
In 2012, MEFF expanded its business with the merger
and takeover of MEFF Renta Fija and the partial transfer
of MEF Tecnología y Servicios’ derivatives market techni-
cal and human resources to MEFF
MEFF Euroservices, S.A.U., S.V.
which transfers orders to European markets (Eurex).
MEFF Tecnología y Servicios S.A.U.
which develops and operates data-processing systems, and
manages the forwardmarket for Red Eléctrica de España.
Sociedad de Bolsas, S.A.
which manages and operates the Spanish electronic
trading platform (SIBE).
BME group companies
15
About BME
Corporate and Social
Responsibility
Report 2012
/ BME
1...,5,6,7,8,9,10,11,12,13,14 16,17,18,19,20,21,22,23,24,25,...107