Send, BME's Fixed Income Platform, Admits To Trading Public Debt Issues

08/04/2013

  • As of today, it will be possible to trade 50 issues of Spanish Treasury Bills and Government bonds as well as 100 strips
  • The trading volume on this electronic trading platform in the first quarter was €600 million, four times as much as in the same period last year

The 50 outstanding issues by the Spanish Treasury as well as the 100 strips (Public Debt) will start trading today on SEND, BME’s electronic Fixed Income platform for retail investors, following their admission by AIAF, the Spanish Fixed Income Market.

The admission to trading of the Public Debt issues follow the request made by the Spanish Treasury to BME, asking for their admission to trading on this platform. The Public Debt issues comprise 14 references of Treasury Bills and 34 fixed-coupon Government Bonds and Obligations, as well as 100 strips, which add to the 113 Private Fixed Income issues that are already traded on this platform.

In this way, retail investors will be able to buy and sell Public Debt by electronic means, have easy access to the assets´ prices and counterparties and transparent information through the website www.bmerf.es.

SEND (Sistema Electrónico de Negociación de Deuda) is the electronic trading platform for Fixed Income created by BME, specifically for retail investors. This market provides retail investors with enhanced transparency and liquidity as well as more security for their transactions based on a system that operates similarly to that of the stock exchange.

The trading volume on this electronic trading platform in the first quarter of 2013 was €600 million, four times as much as in the same period last year (€144 million). The number of trades from January to March 2013 totalled 31,915, compared to 8,711 in the same period in 2012.