Bolsa de Madrid

Madrid Stock Exchange
Bolsa de Madrid (Spanish)
Type	Stock Exchange
Location	Madrid, Spain
Founded	1831; 190 years ago
Owner	BME
Key people	David Jiménez-Blanco (Chairman)
Currency	Euro
Indices	IBEX 35; ; IGBM
Website	bolsamadrid.es

Bolsa de Madrid (Spanish pronunciation: [ˈbolsa ðe ˈmaðɾið]; Madrid Stock Exchange) is the largest and most international of Spain's four regional stock exchanges (the others are located in Barcelona, Valencia, and Bilbao) that trade shares and convertible bonds and fixed income securities, and both government and private-sector debt. Bolsa de Madrid is owned by Bolsas y Mercados Españoles.

Structure and operations[]

The reorganisation of Spain's financial market under the national umbrella of the Spanish Stock Market includes the bolsas, the derivatives markets, and fixed-income markets. Trading is linked through the electronic Spanish Stock Market Interconnection System (SIBE), which handles more than 90% of transactions; all fixed-income assets are traded through SIBE.

The Madrid Stock Exchange General Index (IGBM) is the exchange's principal index and represents the construction, financial services, communications, consumer, capital/intermediate goods, energy, and market services sectors. The IBEX 35 Index is a capitalization-weighted index comprising the 35 most liquid Spanish stocks traded in the continuous market, and is Bolsa de Madrid's benchmark. Bolsa de Madrid also offers the FTSE-Latibex Index, a European market for Latin American stocks. The Ibex New Market Index, for emerging companies, was offered from 2000 to 2007.

Settlement is T + 3. Trading on SIBE is conducted from 9 a.m. to 5:30 p.m.; open outcry from 10a.m. to 11:30 a.m., both Monday through Friday

History[]

The Bolsa de Madrid was officially founded in 1831.

Interior of Madrid Stock Exchange

In 1993, the Bolsa de Madrid switched to all-electronic trading for fixed-income securities.^{[citation needed]}

As required by Spanish law, it is managed and operated by the Sociedad Rectora de la Bolsa de Valores de Madrid S.A., a corporation organized under the laws of the Kingdom of Spain. The membership of the Madrid Stock Exchange consists of 41 major financial institutions and 12 established securities dealers. At December 31, 2001, approximately 1477 domestic and foreign companies had their equity securities listed on the Madrid Stock Exchange. The total market capitalization of the equity securities listed on the Madrid Stock Exchange in May, 2007 was €1,276.26 billion.^[1]^[2]^[3]^[4]