SPAIN: BME Launches New Functionalities in Stock and Derivatives Markets

Wednesday December 6 2023

On 5^th December 2023, Bolsas y Mercados Espanoles (BME) announced that it has incorporated two new functionalities for those securities traded in the auction at the close of the market session, while MEFF has launched a new system functionality to mark an order as belonging to a retail client.

The two new functionalities are known as At the close (AtC) orders and the Trade at Last (TAL) phase. AtC orders offer market members the possibility of entering orders at any time during the session, but with the particularity that they will be activated at the start of the closing auction of the security. This makes it easier to enter orders for the closing auction without having to wait for manual entry at the start of the auction.

Meanwhile, BME’s derivatives exchange (MEFF) launched the new Flag Retail functionality, which allows an order to be flagged as belonging to a retail client.

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