BME Focuses on Post-Trade Value Chain

Spanish market reform spells change for exchange group

Javier Hernani, director general, Bolsas y Mercados Españoles

Post-trade, clearing and depository services are a critical strategic area of focus for the Bolsas y Mercados Españoles (BME), the exchange group's director general told journalists in London in late February.

Javier Hernani was speaking at a presentation of the BME's fourth-quarter 2015 earnings.

Against the backdrop of a major reform of Spain's idiosyncratic markets, BME launched its securities services in 2015. It is also working on connecting firms to Target2 Securities (T2S), the European

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