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.
After confirming a bid to acquire BME in November, SIX has completed its acquisition of the Spanish stock exchange.
Euronext has pulled out of the race to acquire Spain's BME after SIX Group gained regulatory approvals for the takeover last week.
Spain’s CNMV has approved SIX Group’s bid to acquire BME following approval from the Spanish Economy Ministry earlier this week.
Spanish government has authorised SIX Group’s bid for BME, meaning it now needs approval from Spain’s CNMV.
The 2019 annual report for SIX Group confirmed it is still awaiting regulatory approvals for its bid for Spanish stock exchange BME.
SIX Group has said it will make an offer of €2.8 billion to acquire BME, as Euronext says it is also in talks with the Spanish exchange operator.