Tag: BME

The implementation of settling exchange transactions in a payment versus payment mode has been approved by the Bank of Spain.

The move, coordinated by Iberclear, aims to harmonise the Spanish market with European standards.

Named SpainAtMid, the new offering is set to make the trading of Spanish equities more attractive to the wider market.

The joint venture (JV) participants include: BME, Deutsche Boerse Group, Euronext, Luxembourg Stock Exchange, and Nasdaq.

Just months before the planned integration, SIX has concluded the project would be too legally and technologically complex, The TRADE can reveal.

The exchange says without the effects of Worldline it would’ve seen a rise in group net profit of 37.3% on the previous year.

Following the acquisition of Spain’s BME, SIX has outlined plans to integrate the Spanish market onto its existing trading platform.

With the addition of Unicredit, BME Clearing now has 25 clearing members in the fixed income segment.

The new big data platform from BME will aim to reduce computing times and provide customised MiFID II-compliant reporting to clients.

Plans to integrate Spain’s BME with Swiss exchange group SIX are underway following closure of the transaction in June.