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SpainMadridCNMVEUR

BME Block Trades in Spain

Block-trade financing and discreet execution for large lines listed on Bolsas y Mercados Españoles (Madrid) (BME) — Spain principal cash-equity venue.

01 · The Market
United Kingdom & Europe

About Bolsas y Mercados Españoles (Madrid).

Bolsas y Mercados Españoles (Madrid) is the principal cash-equity venue of Spain. Founded in 1831, it operates under the oversight of Comisión Nacional del Mercado de Valores (CNMV), and its leading benchmarks are IBEX 35, IBEX Medium Cap, IBEX Small Cap. Listing standards are set out in the Reglamento del Mercado de las Bolsas de Valores.

The principal Spanish equities venue. Acquired by SIX Group in 2020, retaining its local regulatory profile while gaining cross-listing access to the Swiss market. Banking-sector concentration is a defining feature of the IBEX 35.

02 · Eligibility
For Institutional Positions

What qualifies on BME.

BME ranks among the deepest equity pools anywhere; eligibility turns on the stock itself — its free float, daily traded volume, and how concentrated the line is.

For any given BME position, our review looks at: free float and daily traded volume against the size of the transaction; your status (controlling shareholder, director, substantial shareholder) and the disclosure that follows; the issuer’s sector and listing segment; and what the transaction must do (LTV, tenor, currency, recourse, custody).

03 · Disclosure
CNMV

Framework cited on BME.

The principal regulatory reference on BME is Royal Decree 1362/2007 transposing the EU Transparency Directive. How it applies to any single transaction — reporting levels, step thresholds — turns on the underlying rules and national-law overlays, which we map against your contemplated transaction at the structuring stage alongside the counsel you appoint.

The citations above are public regulatory references, given for orientation only and not as legal advice. Take independent legal advice in the relevant jurisdiction for any specific transaction.

See the full process →

04 · FAQ
BME · Block Trades

What holders ask about BME.

01How is a block printed on BME?
The block is negotiated off the order book and then reported to Bolsas y Mercados Españoles (Madrid) under its rules. The structure preserves discretion until the print.
02Which BME segments do you handle?
All principal segments Bolsas y Mercados Españoles (Madrid) runs: Continuous Market (Mercado Continuo); BME Growth (SME); BME MTF. The more liquid tiers are simpler to execute.
03Does large-holding disclosure apply?
Depending on the size and the seller’s standing, yes — under Royal Decree 1362/2007 transposing the EU Transparency Directive. We manage the timing and wording.
05 · Other Venues
Spain

Other venues.

United Kingdom · Europe (Euronext) · Germany · Switzerland · Italy · Sweden

Spain overview →

A particular BME holding to talk through?

Send a confidential enquiry, and a senior principal will reply within one business day.