Today the negotiation of a broad spectrum of public debt securities of the Spanish Public Treasury begins on the fixed income platform SEND (Electronic Debt Negotiation System), managed by BME (Spanish Stock Exchanges and Markets). In this way, the Treasury Bills, the State Bonds and Obligations and the public debt “strips” are incorporated into this platform for the private investor.
This initiative was born with the objective of improving the operation of the retail investor with these values through its quotation in a regulated, supervised, liquid and transparent secondary market, which allows its sale and purchase and easy access to quotation prices. The objectives are as follows:
- Greater transparency for retail investors with the implementation of a regulated, centralized and order-driven electronic secondary market. The operation is similar to that of the Exchange, which, together with the supervisory activity of the CNMV, offers the retail investor greater security.
- Liquidity Improvement with the collaboration of 31 SEND Liquidity Providers.
- Increase of the information public available on the values and prices of the operations in the secondary market which allows a correct decision on financial assets.
