Bolsas y Mercados Españoles is a holding company, which engages in the operation of securities markets, financial, and clearing systems in Spain. It operates through the following segments: Equities, Settlement and Registration, Clearing, Market Data & VAS, Derivatives, and Fixed Income. The Equities segment provides securities trading through the electronic trading platform as well as listing and maintenance services for issuers on the equity market. The Settlement and Registration segment is involved in the registration and settlement of equity, private fixed-income, and public debt trades. The Clearing segment engages in clearing, central counterparty, and settlement activities. The Market Data & VAS segment offers primary data services and value-added services. The Derivatives segment deals with financial and electricity derivatives transactions. The Fixed Income segment refers to the trading of private fixed-income and public debt securities as well as listing and maintenance services for issuers on the private fixed-income market. The company was founded in 1831 and is headquartered in Madrid, Spain.