Bolsas y Mercados Espanoles
|Bolsas y Mercados Españoles|
|Key People||Antonio Zoido, chairman and CEO|
|Products||Cash equities and derivatives|
Bolsas y Mercados Españoles (BME) is the parent of the Madrid, Barcelona, Bilbao and Valencia stock exchanges, the MEFF derivatives platform and clearing operations for Spain's capital markets system.
BME, which went public in 2006, was the world’s eight-largest cash-equities platform in 2007, and the x-ranked derivatives.
History and Ownership
The BME floated via an initial public offering on June 13, 2006, which the controlling stakes held by a group of domestic and French financial groups, as well as the Bank of Spain, whose 9.6 percent stake fell to 5.3 percent, though it retains a golden share giving it a veto over future ownership changes. The current structure, which includes a 33 percent free float, is headed by Santander (8.6 percent), the central bank and BBVA (5.4 percent). The exchange listed in June 2006, and has aq free float of 33 per cent. Banco Santander is the largest single shareholder, while the Spanish government retains a golden share.
Structure and Regulation
Supervised by the CNMV