New bme projects in 2013.
Throughout 2013, BME continued to develop products
and services in order to facilitate and support mech-
anisms that can provide the market with new forms of
financing. In doing so, BME collaborated with public and
private institutions, while also promoting the incorpora-
tion of relevant regulatory changes.
To that end, in March 2013 a new trading segment was
rolled out in Mercado Alternativo Bursátil, for listed
real-estate investment trusts (REITs). These public limited
companies develop, renovate and operate leased prop-
erty held in conjunction with other REITs, and provide
auxiliary real-estate activities. In 2013, two companies
were listed for trading in this segment.
With the backing of the Ministry of Economy and Com-
petitiveness, on 8 April 2013 the scope of securities
traded on the SEND platform was enlarged to incorpo-
rate public debt issues. This brings greater transparency
to this market and provides private investors with coun-
terparties so they can buy and sell public debt securities
and easily access trading prices for these securities.
Among the initiatives to allow small and medium-sized
enterprises to access financing at feasible costs, on 7
October 2013 BME, through its subsidiary AIAF and in
collaboration with the Ministry of Economy and Com-
For the third consecutive year, in 2013 BME Innova
renewed its UNE-EN ISO 9001:2008 international quality
seal granted by AENOR. This certification, which has been
extended to include advisory services and training in
international financial markets, attests to the quality of
BME Innova’s activities.
Instituto BME also extends a quality commitment to its
customers, obtaining in 1998 the AENOR Registered Firm
Certificate, renewed each year in accordance with the
UNE-EN ISO 9001:2008 quality standard.
petitiveness, launched Mercado Alternativo de Renta
Fija (MARF). Through MARF, a multilateral trading system
targeting institutional investors, issuers that wish to
sell fixed-income assets can benefit from fewer formal
requirements, more streamlined procedures, and lower
issue costs. On 20 December MARF admitted to trading
the first company on this market, COPASA.
On 7 November 2013, REGIS-TR, the European trade
repository created by BME and Clearstream Banking Lux-
embourg S.A., received the requisite authorisation from
the European supervisor ESMA to operate as a trade
repository as from February 2014. Throughout 2013,
the entity carried out intense commercial efforts and
entered into several collaboration agreements in order
to improve the exchange of information with securities
depository entities in other countries (the Russian central
securities depository, National Settlement Depository
- NSD) and other collateral management services plat-
forms, as well as to offer additional services such as data
portfolio reconciliation and MiFID-compatible reporting.
In response to the high demand, in 2013 BME created a
new family of eight target volatility indices to round out
the IBEX35® index series. On 24 September 2013, BME
began calculating and publishing these indices.
26
Bme meets user needs
Corporate and Social
Responsibility Report 2013
BME
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