Type Stock Exchange Indices IBEX 35
Latibex
IGBM Phone +34 917 09 50 00 Currency Euro | Location Madrid, Spain Website bolsamadrid.es Province Community of Madrid | |
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Founded 1831; 186 years ago (1831) Key people Antonio J. Zoido (Chairman) Address Plaza de la Lealtad, 1, 28014 Madrid, Spain Hours Open today · 8:30AM–5:30PMMonday8:30AM–5:30PMTuesday8:30AM–5:30PMWednesday8:30AM–5:30PMThursday8:30AM–5:30PMFriday8:30AM–5:30PMSaturdayClosedSundayClosed Owner Bolsas y Mercados Españoles | ||
La bolsa de madrid en 1977 c mo era una sesi n de bolsa en 1977
Bolsa de Madrid ([ˈbolsa ðe ˈmaðɾið]; Madrid Stock Exchange) is the largest and most international of Spain's four regional stock exchanges (the others are located in Barcelona, Valencia, and Bilbao) that trade shares and convertible bonds and fixed income securities, and both government and private-sector debt. Bolsa de Madrid is owned by Bolsas y Mercados Españoles.
Contents
Structure and operations
The reorganisation of Spain's financial market under the national umbrella of the Spanish Stock Market includes the bolsas, the derivatives 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 (IGBM) is the exchange's principal index and represents the construction, financial services, communications, consumer, capital/intermediate goods, energy, and market services sectors. The IBEX 35 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 American 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.
In 1993, the Bolsa de Madrid switched to all-electronic trading for fixed-income securities.
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 €1,276.26 billion.
Building
It is housed in a historic nineteenth-century building, the Palacio de la Bolsa de Madrid.