About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Briefs

BME Launches SpainAtMid: a New Non-Displayed Liquidity Pool for Spanish Equities

Subscribe to our newsletter

Bolsas y Mercados Españoles (BME) has launched SpainAtMid, a new non-displayed liquidity pool for Spanish equities, which enables trades in Spanish securities to be executed at the midpoint of the bid-ask spread. This advanced order book offers an additional liquidity source for high-volume trades, allowing participants to minimise market impact while ensuring robust and efficient execution.

Designed to integrate seamlessly with the BME central order book, SpainAtMid functions during the continuous trading phase. It provides flexibility for trading participants through two routing options: direct orders, which execute exclusively at SpainAtMid, and sweep orders, which prioritise SpainAtMid before routing to the central order book if unexecuted. Orders can be customised with conditions such as “Execute or Cancel” or “Minimum Volume.”

Iván Lorenzo, Product Manager, Equity Product at BME, commented: “SpainAtMid has been developed to meet the growing demand from our clients for non-displayed execution in Spanish securities. In Switzerland, SwissAtMid had been introduced in 2016 and fundamentally reshaped the trading landscape for Swiss Equities. With our extensive experience in this area in the Swiss market, we believe we are well placed to offer this option in Spain. By emulating this successful setup on the BME Exchange, SIX enables clients to benefit from the ongoing integration and knowledge exchange between its two home markets, Switzerland and Spain. And we are convinced that concentrating more liquidity on our exchanges is beneficial for all trading participants.”

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Navigating the Build vs Buy Dilemma: Cloud Strategies for Accelerating Quantitative Research

Date: 20 May 2026 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes For many quantitative trading firms and asset managers, building a self-provisioned historical market data environment remains one of the most time-consuming and resource-intensive steps in establishing a new research capability. Sourcing data, normalising symbologies, handling corporate actions and maintaining...

BLOG

Re-Architecting Front-Office Resilience with R2R

A Practical Framework for the AI-driven Trading Desk By Vishal Gupta, Executive Director, Head of Equity Derivatives Technology, Mizuho Americas Services The Tier 2 / Tier 3 Resilience Gap Tier 2 and Tier 3 capital markets institutions face a growing resilience challenge in their Front-Office trading environments. Unlike Tier 1 banks, these firms operate with...

EVENT

Data Management Summit New York City

Now in its 15th year the Data Management Summit NYC brings together the North American data management community to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Entity Data Management Handbook – Second Edition

Entity data management is this year’s hot topic as financial firms focus on entity data to gain a better understanding of customers, improve risk management and meet regulatory compliance requirements. Data management programmes that enrich the Legal Entity Identifier with hierarchy data and links to other datasets can also add real value, including new business...