Stock exchange governing companies
The purpose of stock exchange governing companies is
to list for trading, supervise and manage official second-
ary 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.
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 secu-
rities that require specialised and unique treatment,
across a variety of segments.
Latibex,
the market for European investors to buy and sell
euro-denominated Latin American stocks.
MEFF Sociedad Rectora del Mercado de Produc-
tos Derivados, S.A.U. (MEFF).
Which manages the official secondary market for deriva-
tives with both equity and fixed-income underlyings.
MEFF and BME Clearing are the companies resulting from
the spin-off of activities from MEFF Sociedad Rectora
de Productos Derivados, S.A.U. (currently BME Clearing,
S.A.U.) to BME Gestión de Estudios y Proyectos, S.A.U. (cur-
rently MEFF Sociedad Rectora del Mercado de Productos
Derivados, S.A.U.), completed in 2013.
MEFF Euroservices, S.V., S.A.U.
Which transfers orders to European markets (Eurex).
MEFF Tecnología y Servicios, S.A.U.
Which develops and operates data-processing systems
and manages the forward market for Red Eléctrica de
España.
Sociedad de Bolsas, S.A.,
which manages and operates the Spanish electronic
trading platform (S.I.B.E.).
BME Clearing, S.A.U. (BME Clearing).
The central counterparty in respect of derivatives traded
on the official secondary derivative market, public debt
repos, electricity derivatives and any other financial
instrument.
BME group companies
The four stock exchange governing companies also own
25% of:
14
About BME
Corporate and Social
Responsibility Report 2013
BME
1...,4,5,6,7,8,9,10,11,12,13 15,16,17,18,19,20,21,22,23,24,...107