Palace of la Bolsa de Madrid

Bolsa de Madrid is the largest and most international of Spain’s four regional stock exchanges (the others are located in Barcelona, Valencia, and Bilbao) that trade shares and convertible bonds and fixed income securities, and both government and private-sector debt. Bolsa de Madrid is owned by Bolsas y Mercados Españoles.

Structure and operations

The reorganisation of Spain’s financial market under the national umbrella of the Spanish Stock Market includes the bolsas, the derivatives markets, and fixed-income markets. Trading is linked through the electronic Spanish Stock Market Interconnection System (SIBE), which handles more than 90% of transactions; all fixed-income assets are traded through SIBE.

The Madrid Stock Exchange General Index (IGBM) is the exchange’s principal index and represents the construction, financial services, communications, consumer, capital/intermediate goods, energy, and market services sectors. The IBEX 35 Index is a capitalization-weighted index comprising the 35 most liquid Spanish stocks traded in the continuous market, and is Bolsa de Madrid’s benchmark. Bolsa de Madrid also offers the FTSE-Latibex Index, a European market for Latin American stocks. The Ibex New Market Index, for emerging companies, was offered from 2000 to 2007.

Settlement is T + 3. Trading on SIBE is conducted from 9 a.m. to 5:30 p.m.; open outcry from 10a.m. to 11:30 a.m., both Monday through Friday.

Palace of la Bolsa de Madrid

The Madrid Stock Exchange Palace is a neoclassical palace located in the Plaza de la Lealtad in Madrid, Community of Madrid, Spain.

The building was opened in 1893 as the headquarters of the Madrid Stock Exchange.

In 1878, the construction of a permanent building was approved on land donated by the State next to the site that until 1903 had been occupied by the El Dorado theatre. But the work could not begin until the Board in charge of ensuring the viability of the project had managed to raise 200,000 pesetas. For this, they charged 50 cents to each visitor.

In 1886, everything was ready to begin the construction of the building, whose design was the work of the architect Enrique María Repullés y Vargas (at that time a member of the Board in charge of awarding the contract) who won a competition for this purpose called by the Board of Works of the Madrid Stock Exchange in 1884, presenting a project entitled Comercium pacem firmat that took as a model the building of the Vienna Stock Exchange created by Baron Theophil Edvard von Hansen.

Madrid: full guide