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BME launches enhanced services to the Spanish equity derivatives market

15 January, 2015
  • Clients benefit from capital efficiencies

BME is pleased to announce the launch of new services provided to the Spanish equity derivatives market. Though some of these have been in place since 2011, MEFF and BME Clearing have expanded and enhanced them since then, including flexible products.

The services enable firms to report and clear their bilateral equity derivatives trades either using a web-based access, a FIX interface or a native GUI. The range of products and features to be reported are the following:

For all listed Options:

  • Any standard and non-standard expiration running from today up to five year for all listed underlyings.
  • Any standard and non-standard strike for all listed underlyings.
  • All IBEX 35 options are European style and cash settled.
  • Stock options are available American style with physical delivery and European style with both physical delivery and cash settlement
  • At market close counterparties may choose to only publish aggregated volume and open interest, complying with circulars.   

For all listed Futures:

  • Any standard and non-standard expiration running from today up to five year for all listed underlyings.
  • All IBEX 35 futures are cash settled.
  • All listed stock futures are both with physical delivery and cash settled.
  • At market close counterparties may choose to only publish aggregated volume and open interest, complying with circulars.  

As a new advantage service, it is important to notice that ISINs for Flexible Options or Futures are automatically generated after the market close. 

Clients benefit from capital efficiencies of clearing flexible products in the same BME Clearing derivatives segment. Clotilde Salmerón, MEFF CEO, said, “This valuable service offers the flexibility required by our clients and it will become a fundamental tool in the coming months due to new regulations”.  Ignacio Solloa, BME Clearing CEO, said, “The experience of clearing products with flexible features strengthens our potential for a wide offer in portfolio margining”. 

For more information please contact MEFF at comercialmeff@grupobme.es or BME Clearing at comercialbmeclearing@grupobme.es.

 

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