Corporate Social Responsibility Report 2014
BME group companies
Bolsas y Mercados Españoles, Sistemas de Nego-
ciación, S.A. (BME Sistemas de Negociación).
The governing company of two multi-lateral trading
• Mercado Alternativo Bursátil (MAB),
securities that require specialised and unique
treatment, across a variety of segments.
the market for European investors to buy
and sell euro-denominated Latin American stocks.
Stock exchange governing companies
The purpose of stock exchange governing companies
is to list for trading, supervise and manage 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:
, whichmanages andoperates
the Spanish electronic trading platform (S.I.B.E.).
BME Clearing, S.A.U. (BME Clearing),
which acts as
the central counterparty entity for derivatives traded
on the official secondary derivatives market, public
debt repos, electricity derivatives and any other finan-
MEFF Sociedad Rectora del Mercado de Productos
Derivados, S.A.U. (MEFF),
which manages the official
secondary market for derivatives with both equity
and fixed-income underlyings as well as the trade
repository for the energy contract group.
MEFF Euroservices, S.A.U., S.V.,
orders to European markets (Eurex).
MEFF Tecnología y Servicios S.A.U.,
and operates data-processing systems, and manages
the forward market for Red Eléctrica Española.
AIAF Mercado de Renta Fija S.A.U. (AIAF),
manages and supervises both the primary and
secondary corporate debt markets, the electronic fixed
income trading platform SEND, and is the governing
company of the multilateral trading system SENAF and
the Mercado Alternativo de Renta Fija (MARF).