Bolsa de Madrid (; Madrid Stock Exchange) is the largest and most international of Spain's four regional

stock exchange A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for th ...

s (the others are located in

Barcelona Barcelona ( , , ) is a city on the coast of northeastern Spain. It is the capital and largest city of the autonomous community of Catalonia, as well as the second most populous municipality of Spain. With a population of 1.6 million within ci ...

Valencia Valencia ( va, València) is the capital of the Autonomous communities of Spain, autonomous community of Valencian Community, Valencia and the Municipalities of Spain, third-most populated municipality in Spain, with 791,413 inhabitants. It is ...

, and

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) that trade shares and

convertible bond In finance, a convertible bond or convertible note or convertible debt (or a convertible debenture if it has a maturity of greater than 10 years) is a type of bond that the holder can convert into a specified number of shares of common stock in ...

s and

fixed income Fixed income refers to any type of investment under which the borrower or issuer is obliged to make payments of a fixed amount on a fixed schedule. For example, the borrower may have to pay interest at a fixed rate once a year and repay the prin ...

securities, and both government and private-sector debt. Bolsa de Madrid is owned by

Bolsas y Mercados Españoles Bolsas y Mercados Españoles (; BME) is the Spanish company that deals with the organizational aspects of the Spanish stock exchanges and financial markets, which includes the stock exchanges in Madrid, Barcelona, Bilbao and Valencia. In addition ...

Structure and operations

The reorganisation of Spain's financial market under the national umbrella of the Spanish Stock Market includes the ''bolsas'', the

derivatives The derivative of a function is the rate of change of the function's output relative to its input value. Derivative may also refer to: In mathematics and economics * Brzozowski derivative in the theory of formal languages * Formal derivative, an ...

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 The Madrid Stock Exchange General Index (IGBM) is a capitalization-weighted stock market index that measures the performance of a selected number of continuous market stocks. It is the principal index for the Bolsa de Madrid (Madrid Stock Exchange) ...

(IGBM) is the exchange's principal index and represents the construction, financial services, communications, consumer, capital/intermediate goods,

energy In physics, energy (from Ancient Greek: ἐνέργεια, ''enérgeia'', “activity”) is the quantitative property that is transferred to a body or to a physical system, recognizable in the performance of work and in the form of heat a ...

, and market services sectors. The

IBEX 35 The IBEX 35 (IBerian IndEX) is the benchmark stock market index of the Bolsa de Madrid, Spain's principal stock exchange. Initiated in 1992, the index is administered and calculated by Sociedad de Bolsas, a subsidiary of Bolsas y Mercados Españo ...

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 America Latin America or * french: Amérique Latine, link=no * ht, Amerik Latin, link=no * pt, América Latina, link=no, name=a, sometimes referred to as LatAm is a large cultural region in the Americas where Romance languages — languages derived f ...

n 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. Bolsa-madrid-010711-3

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

€ The euro sign () is the currency sign used for the euro, the official currency of the eurozone and unilaterally adopted by Kosovo and Montenegro. The design was presented to the public by the European Commission on 12 December 1996. It consists ...

1,276.26 billion.EUR to USD
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Building

The Bolsa continues to occupy a nineteenth-century building, the

Palace of la Bolsa de Madrid The Palace of la Bolsa de Madrid (Spanish: ''Palacio de la Bolsa de Madrid'') is a nineteenth-century building located in Madrid, Spain. It is a neo-classical building, featuring a portico supported by six Corinthian columns. It was given the ...

. Despite the traditional setting, in 1993, the Bolsa de Madrid switched to all-electronic trading for fixed-income securities. There is also a base at

Las Rozas Las Rozas may refer to: Places ;Spain *Las Rozas de Madrid, municipality in the Community of Madrid * Las Rozas de Valdearroyo, municipality in Cantabria Sport *Las Rozas CF Las Rozas Club de Fútbol is a Spanish football club based in Las Roz ...

References

External links

Official website
{{authority control Financial services companies established in 1831 Economy of Spain Economy of Madrid

Madrid Madrid ( , ) is the capital and most populous city of Spain. The city has almost 3.4 million inhabitants and a metropolitan area population of approximately 6.7 million. It is the second-largest city in the European Union (EU), and ...

1831 establishments in Spain Stock exchanges in Spain

Structure and operations

History

Building

See also

References

External links