Bolsas y Mercados Españoles (BME) is an organization that combines financial markets (primarily the Madrid, Barcelona, Valencia, and Bilbao Stock Exchanges) with the Spanish centralized delivery regulation systems. Net sales break down by activity as follows:
- negotiation services (48.1%): execution and management of transactions involving stocks (87.4% of net sales), derivatives (7.3%), and fixed income securities (5.3%);
- security regulation and compensation services (29.5%);
- distribution of market data (21.9%);
- other (0.5%): mainly consulting and computer services.