Corporate Social Responsibility Report 2014
Sociedad de Gestión de los Sistemas de Registro,
Compensación y Liquidación de Valores, S.A.
this is Spain’s central depository for
securities. Iberclear is responsible for the accounting
records and the clearing and settlement of securities
listed for trading on Spanish stock exchanges, the
book-entry public debt market, AIAF and Latibex.
Iberclear, under the supervision of the Spanish
Ministry for Agriculture, Food and the Environment,
manages the National Registry of Greenhouse Gas
Emission Rights (RENADE).
which is 50% owned by Iberclear
and Clearstream Banking Luxemburg, S.A., a Luxem-
bourg-based company. This company acts as a trade
repository for derivatives.
Instituto Bolsas y Mercados Españoles, S.L.U.,
is BME’s educational centre, whose activities are
focussed on organising a range of educational
services linked to financial markets in general.
Visual Trader Systems, S.L.,
which develops and
operates the Visual Trader system, a platform which
allows access to international markets and routing
networks. Its connections allow entities and brokers
all over the world to both send and receive orders.
This company is owned by the Madrid and Valencia
stock exchange governing companies, with stakes of
90% and 10%, respectively.
Bolsas y Mercados Españoles Innova, S.A.U. (BME
offers specialised strategic consultancy
services, custom-made technological solutions and
integrated training programmes for the financial
markets, as well as products and services for three
areas: business continuity, financial communication
and management software for financial institutions.
Bolsas y Mercados Españoles Market Data, S.A.
(BME Market Data),
which specialises in handling,
generating and selling information from the group’s
various regulated markets and multilateral trading
facilities (MTFs) and in developing value-added
services aimed at the securities industry.
BME Market Data is owned by BME, the four stock
exchange governing companies, MEFF and AIAF.
which provides real-time finan-
cial market information services. It is jointly owned
(50%/50%) by BME and Deutsche Börse.
In addition, as at 31 December 2014 Infobolsa S.A.
had a stake in the share capital of Difubolsa – Servi-
cios de Difusao a Informaçao de Bolsa S.A. and
Infobolsa Deutschland, GmbH of 99.99% and 100%,
In addition to the above,
Bolsas y Mercados
Españoles Servicios Corporativos, S.A. and Link
Up Capital Markets, S.A.
act as auxiliary companies
for the rest of the BME group companies.
provider of front-office solutions
for financial advisory and portfolio management,
81%-owned by Infobolsa.