Madrid Stock Exchange(Spanish: Bolsa de Madrid) is one of the largest stock exchanges among the four regional exchanges in Spain, which is located in the heart of the country - the city of Madrid. The Madrid Stock Exchange trades shares, convertible bonds and fixed income securities.
A characteristic feature of this exchange on the Spanish market is its pronounced international orientation.
The Madrid Stock Exchange is owned by the Spanish stock exchange group Bolsas y Mercados Españoles.
In 1831, by decree of King Ferdinand VII, Bolsa de Madrid was founded. According to historical information, due to regular aggressive political actions on the part of the king of the Spanish Empire, most state budget was used primarily to finance the navy and army, and the economic development of the country faded into the background, which was reflected in the late formation and functioning stock market Spain.
The first issuers to list their securities on the Madrid Exchange were railway and mining companies. Since 1854, the Madrid Exchange began issuing official bulletins. A negative factor that influenced the further development of the Madrid Exchange in late XIX Art. was the exit from the empire of the largest Spanish colonies: Puerto Rico, Cuba and the Philippines, which was reflected in a drop in quotations by 20%. However, by this time the government of the country was concerned about the financial well-being of the state and focused its attention on economic development, and former colony countries began to place their bonds on the Madrid Stock Exchange to gain access to international capital flows.
Events associated with the First World War and the Great Depression of 1929 had virtually no impact on the financial development of Spain and its condition remained relatively stable. In 1936, against the backdrop of World War II and the dictatorial regime of General Franco, the activities of the Madrid Exchange were temporarily suspended.
Since the mid-20th century, the Madrid Exchange has been operating steadily and is steadily gaining momentum. Spain is becoming an open country for foreign capital, it is opening itself as a tourist mecca with high potential, and also in Spain the trading system is improving, new trading platforms are opening for foreign companies and for representatives of actively developing businesses.
Go to electronic system trading in 1993 was the key to the continued success of the Madrid Stock Exchange.
Bolsa de Madrid Indices
Bolsa de Madrid publishes two indices: IGBM and IBEX-35. IGBM displays information on six economic sectors: IT technology, manufacturing consumer goods, banks, real estate, construction, energy. Based on information from the 35 largest exchange issuers, the IBEX-35 index is calculated.
Today there are approximately two hundred stock exchanges in the world. Of the two hundred exchanges, the 20 most influential stand out, and this number includes the Madrid Stock Exchange, whose market capitalization amounts to trillions of US dollars.
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Stock Exchange Madrid, which in Europe is called Bolsa de Madrid, is currently the number 1 stock exchange in Spain. The exchange's specialization is not only trading in shares, but also in securities and bonds (the list of instruments does not end there).
The company began its work in 1831. The Spanish government pursued a very successful policy. During the First World War, the exchange managed to survive from an economic point of view. Managed to survive the Great Depression (1929). The most difficult period of the stock exchange occurred in 1936 (at that time General Franco ruled). The board caused huge problems, and it became necessary to close the project.
Only in the 50s of the 20th century was there for the first time a clear increase economic indicators companies. This growth was primarily influenced by investments that came from abroad. Spain began to actively develop as a tourist center on the world stage. The stock exchange began to actively progress in the field of trading.
The headquarters is located in the capital of Spain (Madrid). IN Latin America there are quite a few branches. Companies that operate on its territory are developing very actively, so Madrid did not stand aside.
There are 2 very important indices on the Madrid Stock Exchange - IGBM and IBEX-35. These 2 indices base their work on the shares of 35 companies (their valuable papers). Both indices cover only some economic sectors, namely: real estate, energy, construction, banking, development sector software. The exchange operates daily, 5 days a week.
Bolsa de Madrid is regional in its properties. However, traders choose it because it is very convenient trading platform. Investments in the stock exchange are quite large.
Peculiarities:
- Working with innovative technologies. Software called DISE allows you to work with quotes in real time. The trader sees all stock quotes without any problems, without any glitches. High reliability is our strong point. The trader can manage from absolutely anywhere in the world;
- Full financial security. Every trader can be sure that his money is stored in a safe place. The exchange operates a centralized scheme for concluding contracts. This allows us to call the activities of the exchange more than “transparent”. Regulates the operation of the system national commission, which works with securities;
- Spain is one of the most promising world states. The state has been working in the tourism sector for a very long time. Companies associated with tourism make huge profits every year. Turnover is growing steadily, this is the key to success. It should also be noted that construction companies Today they have a stable job. The level of real estate is growing very quickly. All construction and tourism companies have incredible prospects. This is something every trader should remember;
- Bolsa de Madrid has its own clearing system. Confidentiality of traders' information is at a high level;
- Sustainable growth of capitalization - main feature exchanges. Experts are confident that even with the manifestation of “hard” economic crisis Bolsa de Madrid is able to stay afloat.
The Madrid Stock Exchange is a sustainable financial mechanism, which plays a huge role in the development and maintenance of the Spanish economy. Analysts unanimously say that the exchange is a “tidbit” for attracting national capital and capital from abroad.
| Madrid Stock Exchange Bolsa de Madrid |
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|
|
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| Type | |
|---|---|
| Location |
Spain Spain : Madrid |
| Year of foundation | |
| Capitalization stock market |
1 276
trillion euros |
| Number of companies past listing | |
| Web site | |
Madrid Stock Exchange(Spanish) Bolsa de Madrid listen)) is the largest stock exchange in Spain among regional exchanges in Barcelona, Bilbao and Valencia, which trade shares, convertible bonds, as well as fixed income securities, both public and private debt sectors.
Exchange indices
- IBEX 35 is the underlying stock index of the Madrid Stock Exchange
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Excerpt describing the Madrid Stock Exchange
Nikolai spent his vacation with his relatives. A fourth letter was received from Prince Andrei's fiancé, from Rome, in which he wrote that he would have long been on his way to Russia if his wound had not unexpectedly opened in a warm climate, which forces him to postpone his departure until the beginning of next year . Natasha was just as in love with her fiancé, just as calmed by this love and just as receptive to all the joys of life; but at the end of the fourth month of separation from him, moments of sadness began to come over her, against which she could not fight. She felt sorry for herself, it was a pity that she had wasted all this time for nothing, for no one, during which she felt so capable of loving and being loved.It was sad in the Rostovs' house.
Christmastide came, and besides the ceremonial mass, except for the solemn and boring congratulations of neighbors and courtyards, except for everyone wearing new dresses, there was nothing special to commemorate Christmastide, and in the windless 20-degree frost, in the bright blinding sun during the day and in the starry winter light at night, I felt the need for some kind of commemoration of this time.
On the third day of the holiday, after lunch, all the household went to their rooms. It was the most boring time of the day. Nikolai, who went to see his neighbors in the morning, fell asleep in the sofa. The old count was resting in his office. Sonya was sitting at the round table in the living room, sketching a pattern. The Countess was laying out the cards. Nastasya Ivanovna the jester with a sad face was sitting at the window with two old women. Natasha entered the room, walked up to Sonya, looked at what she was doing, then walked up to her mother and stopped silently.
And Valencia, which trade shares, convertible bonds, bonds with variable income, as well as fixed income securities, both public and private debt sectors.
| Madrid Stock Exchange Bolsa de Madrid |
|
|---|---|
|
|
| Type | Stock Exchange |
| Location | Spain Spain: Madrid |
| Year of foundation | September 10, 1831 |
| Stock market capitalization |
1 276
trillion euros (May 2007) |
| Number of companies listed |
1477
(December 31, 2001) |
| Stock indices | IGBM And IBEX-35 |
| Web site | www.bolsamadrid.es |
The exchange is under the authority of the Bolsa y Mercados Espanoles concern, which is why the Madrid Exchange has the abbreviation BME, and the exchange itself is located in the Palacio de La Bolsa de Madrid - on a square in the center of Madrid.
As of 2015, the Madrid Exchange is one of the 20 largest exchanges with multi-trillion dollar turnover.
Story
The prerequisites for the creation of the stock exchange go back to the 14th century. In the central market of the exchange there were places for the exchange of agricultural products. More than 400 years later, at the height of the Revolutionary War, Joseph I Bonaparte was installed as King of Spain in 1808. In 1809 he decided to create the first Exchange of Commerce in Madrid. The monastery of San Felipe el Real was chosen as the location of the stock exchange, but the exchange was never able to start operating.
In 1831, during the reign of Ferdinand VII, a law was passed to create the Madrid Stock Exchange, which was subsequently published in the Madrid Gazette. The resolution was found in Article 64 of the Trade Code, and the exchange area was noted as “a meeting place for traders, agents, intermediaries, where transactions to attract assets are concluded or carried out.”
The king's main goals were to finance the army for military operations; the development of the domestic political economy faded into the background. Therefore, in some respects, the development of the Madrid Exchange was somewhat belated, unlike, for example, the New York Stock Exchange.
On October 20, 1831, the Madrid Stock Exchange opens its doors to exchange participants. On the first day of operation, the exchange opened at 12 noon, worked for 3 hours, then closed for 3 days. At the beginning of its formation, the first companies to place their securities were railway and oil and gas companies. These industrial companies accounted for only 1% of the total share of exchange participants, since 99% were government bonds. Already at the beginning of the third quarter of the 19th century, the first information about the development of the exchange began to be published - the “official bulletin”.
Initially, the entire bidding process was poorly documented and not entirely legal from a legal point of view. There was no insurance for investors on the exchange, and there was no term of contracts.
In 1834, the exchange experienced difficulties in terms of trading on the exchange for the first time. The reason for this was the seven-year war after the death of Fernando VII, in which successors to the throne fought for the right to rule the country. And already in 1844, the first “boom” occurred in the stock market: the exchange turnover for the year amounted to 15 million. In 1854, the Bulletin of Trades began to be published, in which auction prices were published.
90s of the 19th century turning point on the securities market on the stock exchange: large colonies began to leave the empire: the Philippines, Cuba, Puerto Rico, as a result of which the market collapsed by 20%. It was this fall that served as the impetus for special attention and development of the country's economy. The Madrid Exchange also added shares of countries - former colonies that wanted to gain access to capital from abroad.
Unlike some exchanges whose operations were stopped due to the First World War, the Madrid Exchange did not feel much negative attention. Meanwhile, on March 5, 1940, the Civil War began in Spain, and only in September the exchange began operating again. In December of the same year, the first Madrid index was published, which was built on the basis of shares, 28 large companies.
10 years after World War II, the exchange resumed its work. From 1959 to 1970, the exchange worked according to a stabilization plan, which allowed it to gain annual growth rates. And already in 1993, it was one of the first to switch to an electronic payment system.
Exchange structure
Newest Information system The exchange was created taking into account the requirements of traders. The bidding process is displayed on the main large LCD monitor, which is located in the very center trading floor. This became possible thanks to an order placed by the exchange administration for the supply of equipment from one of the largest companies on the exchange - Telefonica. Today, 52-inch Mitsubishi MDT 521s LCD monitors, which are controlled by DISE software, are hung around the perimeter of the hall. With the help of modern software, all content is controlled remotely, from one point, and besides, the program is able to adapt to any monitor characteristics.
Madrid Stock Exchange(Bolsa de Madrid, BM) is the largest international Spanish exchange, among the four available (there are also in Valencia, Bilbao and Barcelona, which are of regional importance). Not only Spanish shares are converted on the market, but also variable yield bonds. The exchange is under the authority of the Bolsa y Mercados Espanoles concern, which is why the Madrid Exchange has the abbreviation BME, and the exchange itself is located in the Palacio de La Bolsa de Madrid - on a square in the center of Madrid.
The system of the stock exchange in Madrid
According to Moscow time, trading on the exchange is carried out from 11:00 am to 17:00 pm. Weekends on the stock market are Saturday and Sunday. To pay for the shares, 5 days are provided from the moment the purchase and sale agreement was concluded.
Exchange indices
The entire system of the exchange is displayed by two indices: IGBM and IBEX-35. Unlike indices of other exchanges, IGBM is calculated not from the value of shares, but from economic sectors, which include: goods for the general population, energy, modern technologies, banking sector, the construction industry and everything related to the construction and sale of housing. The second index, like the vast majority of others, is calculated average cost 35 largest companies on the stock exchange.
Madrid Stock Exchange official website: http://www.bolsamadrid.es
Historical reference
The prerequisites for the creation of the stock exchange go back to the 14th century. In the central market of the exchange there were places for the exchange of agricultural products. More than 400 years later, at the height of the Revolutionary War, Joseph I Bonaparte was installed as King of Spain in 1808. In 1809 he decided to create the first Exchange of Commerce in Madrid. The monastery of San Felipe el Real was chosen as the location of the stock exchange, but the exchange was never able to start operating.
In 1831, during the reign of Ferdinand VII, a law was passed to create the Madrid Stock Exchange, which was subsequently published in the Madrid Gazette. The resolution was found in Article 64 of the Trade Code, and the exchange area was noted as “a meeting place for traders, agents, intermediaries, where transactions to attract assets are concluded or carried out.” The king's main goals were to finance the army for military operations; the development of the domestic political economy faded into the background. Therefore, in some respects, the development of the Madrid Exchange was somewhat belated, unlike, for example, the New York Stock Exchange.
On October 20, 1831, the Madrid Stock Exchange opens its doors to exchange participants. On the first day of operation, the exchange opened at 12 noon, worked for 3 hours, then closed for 3 days. At the beginning of its formation, the first companies to place their securities were railway and oil and gas companies. These industrial companies accounted for only 1% of the total share of exchange participants, since 99% were government bonds. Already at the beginning of the third quarter of the 19th century, the first information about the development of the exchange began to be published - the “official bulletin”.
Madrid Stock Exchange
Initially, the entire bidding process was poorly documented and not entirely legal from a legal point of view. There was no insurance for investors on the exchange, and there was no term of contracts.
In 1834, the exchange experienced difficulties in terms of trading on the exchange for the first time. The reason for this was the seven-year war after the death of Fernando VII, in which successors to the throne fought for the right to rule the country. And already in 1844, the first “boom” occurred in the stock market: the exchange turnover for the year amounted to 15 million. In 1854, the Bulletin of Trades began to be published, in which auction prices were published.
The 90s of the 19th century became a turning point in the securities market on the stock exchange: large colonies began to leave the empire: the Philippines, Cuba, Puerto Rico, as a result of which the market collapsed by 20%. It was this decline that served as the impetus for special attention and development of the country’s economy. The Madrid Exchange also added shares of countries - former colonies that wanted to gain access to capital from abroad.
Unlike some exchanges whose operations were halted due to World War I, the Madrid Exchange did not experience much negative attention. Meanwhile, on March 5, 1940, the second World War. Ten years after World War II, the exchange resumed operations in September. In December of the same year, the first Madrid index was published, which was built on the basis of shares of 28 large companies. From 1959 to 1970, the exchange worked according to a stabilization plan, which allowed it to gain annual growth rates.
And already in 1993, it was one of the first to switch to an electronic payment system. Today, the Spanish stock exchange is an international stock exchange, ready to accept new issuers and investors constantly.
Exchange structure
The latest information system of the exchange was created taking into account the requirements of traders. The bidding process is displayed on the main large LCD monitor, which is located in the very center of the trading floor. This became possible thanks to an order placed by the exchange administration for the supply of equipment from one of the largest companies on the exchange - Telefonica. Today, 52-inch Mitsubishi MDT 521s LCD monitors, which are controlled by DISE software, are hung around the perimeter of the hall. With the help of modern software, all content is controlled remotely, from one point, and besides, the program is able to adapt to any monitor characteristics.
Large companies on the stock exchange
| Listed company | Capitalization |
| Telefonica SA is a multinational Spanish telecommunications company. | $71.8 billion |
| Inditex is a company that produces and markets textiles. | $33.3 billion |
| Abertis is a company that manages highways and telecommunications infrastructure. | $17.68 billion |
| ACS is a diversified company whose activities focus on construction and various services. | $12.4 billion |
| Abengoa is a company specializing in energy and environmental protection. | $2.71 billion |
Advantages of the Madrid Exchange
As of 2015, there are more than 200 known large world exchanges, among which the Madrid Exchange is far from the last place and is at least one of the 20 largest with multi-trillion dollar turnover on the exchange.