Barcelona Stock Exchange

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Barcelona Stock Exchange
Founded 1915
Headquarters Barcelona, Spain
Products Variable Income, Private Fixed Income and Public Debt

The Barcelona Stock Exchange was officially founded in 1915. It is managed and operated by the Sociedad Rectora de la Bolsa de Valores de Barcelona S.A., a corporation organized under the laws of Spain. The exchange offers three working platforms: variable income, private fixed income and public debt.

It also has its own market in Catalonian public debt, as well as its own clearing and settlement, custody and information services. The stock exchange is run by a governing body that is legally constituted as a special limited liability company, given the overall control exercised by the National Stock Market Commission and the Department of Economy and Finance of the Generalitat of Catalonia.

The membership of the Barcelona Stock Exchange is made up of 36 securities companies and agencies, and members are the only parties authorized either on their own account and/or on behalf of third parties to place orders to buy and sell. The busiest market is in variable income, which is structured in two levels. On the one hand, there is what is known as the continuous market, that is the interconnected market of all the Spanish stock markets (Barcelona, Bilbao, Madrid and Valencia) where trading is carried out electronically in a total of 161 companies, of which 23 are in the Latibex (Latin American stocks that are traded on the Spanish markets).

On the other hand there is the Barcelona Stock Exchange’s own market, that is the market containing companies that are only listed at the heart of the Catalonian market and for which, in spite of the considerable number of companies admitted (562), the trading volume is substantially below that of the continuous market. This notwithstanding, the trading volume on the market for Catalonian stocks currently accounts for 25% of the national total.[1]

Joan Hortala in Arau, a leading economist, politician and academic in Spain, is President of the Barcelona Stock Exchange.[2]



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