London, 18th October 2012 - Capital Partners Group “CPG” (www.Capital-
Spain, the fourth largest European stock market, with nearly €1 Trillion annual trading volume, remains dominated by the incumbent, Bolsa y Mercados Espanoles (BME). Initially slow to embrace the European Union’s opening of the markets through MiFID, recent changes in Spain’s clearing and settlement rules have encouraged new entrants who provide competitive balance to BME’s dominant position. Pan-European exchange operators have subsequently increased their Spanish market share by 300%, a trend that looks certain to continue.
Spain-X MTF will provide a competitive offering with significant efficiencies compared to the BME and a strong sustainability argument to support equities trading through a period of depressed volumes. In a world of geopolitical uncertainties, this domestic venue will deliver local control and influence through shared ownership with local brokerage firms.
Claudio Rojas at CPG states “this is about bringing much needed competition to Spain while ensuring that domestic participants are engaged in strategy, benefit from value created and that domestic interests are protected.”
Tamas Madlena, CEO Quote MTF concurs “we are delighted to be working with CPG and are confident that with our committed support CPG can orchestrate a valuable contribution to the market structure in Spain.”
For more information please contact
Capital Partners Group
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Quote MTF (www.quotemtf.com)