BME’s market for SMEs, MAB, becomes BME Growth

Maria Nikolova

The change follows recognition from the Spanish stock market supervisor of the European Growth Market category.

Effective today, BME’s market for SMEs, MAB, is called BME Growth, following recognition from the Spanish stock market supervisor, CNMV, of the European Growth Market category, in Spain denominated Mercado de Pymes en Expansión. This new category is developed within the framework of the Capital Markets Union (CMU) initiative and is included in MiFID II with the aim of increasing funding for smaller companies via their presence in financial markets.

Joining this category implies that the quality and transparency standards of this market are aligned with those of other European Growth Markets. This recognition also allows the application of less stringent requirements in connection with the obligation to maintain insider lists, as required by the market abuse regulation, and the possibility of using simpler prospectus models to raise funds and move from the Growth Market to the main Board.

BME established the Mercado Alternativo Bursátil (MAB) market, now BME Growth, in 2006 as a Multilateral Trading System aimed at small and medium-sized companies, and its operation is supervised by the CNMV. It currently lists 117 companies with a combined market capitalisation in excess of 15 billion euros.

Since its inception, the companies traded on this BME market have raised 4.5 billion and have distributed 479 million euros in dividends and other shareholder remuneration concepts to their shareholders. The index comprising the 15 most liquid companies in this market has increased by 81% since its creation.

Read this next

Retail FX

Weekly Roundup: John Oliver rips into MetaTrader, Binance to pay $10 billion

Welcome to this week’s roundup, where we delve into the latest developments in the Forex, Fintech, and cryptocurrency markets. Stay ahead of the curve with our comprehensive overview of the week’s most impactful events and trends across these dynamic sectors.

Retail FX

Lark Funding reopens to US traders, MyFundedFX picks cTrader

Canada-based prop trading firm Lark Funding announced it will once again welcome clients from the United States.

Institutional FX

Cboe FX volume falls to lowest level since summer

Cboe’s institutional spot FX platform, known as Cboe Spot, today announced its trading volume for the month ending February 2024, which took a step back after a strong rebound in December.

Retail FX

ThinkMarkets secures lucrative DFSA license in Dubai

Melbourne-based broker ThinkMarkets has secured a license from the Dubai Financial Services Authority (DFSA) after it has already incorporated its new subsidiary in the Dubai International Financial Center (DIFC).

Digital Assets

New Horizen Lays Out Its Vision Of A Modular, Proof Verification Layer For Web3 Networks

Horizen is forging a new path for the future of blockchain with its New Horizen initiative, which is building a modular Proof Verification layer that’s dedicated to verifying cryptographic proofs for any settlement layer, beginning with Ethereum. 

Digital Assets

Karma3 Labs Raises a $4.5M Seed Round Led By Galaxy and IDEO CoLab to Build OpenRank, a Decentralized Reputation Protocol

Using OpenRank, developers and web3 companies can build consumer apps where people can discover, use, fund, read, or buy something on-chain without worrying about getting spammed or scammed.

Digital Assets

Worldcoin down as Elon Musk sues OpenAI CEO Sam Altman

Worldcoin’s (WLD) token dropped following news of a lawsuit against related company OpenAI. The lawsuit was filed by Elon Musk and accused OpenAI and CEO Sam Altman of breach of contract.

Institutional FX

Exegy’s Liquidity Lamp adds intraday data to outperform S&P 500 by 31.8%

Exegy has incorporated intraday signals into its AI-powered iceberg order detection tool, Liquidity Lamp. By adding intraday data to a baseline mean reversion strategy, Exegy’s model outperformed the baseline by 10.5% and the S&P 500 (SPY) by 31.8%, respectively in the out-of-sample testing.

Industry News

Think Elon Musk backed your crypto exchange? ASIC’s latest reveal may shock you

In an absolutely shocking turn of events that nobody could have possibly seen coming, the Australian Securities and Investments Commission (ASIC) has bravely stepped forward to reveal that, yes, those videos of Elon Musk passionately endorsing a cryptocurrency exchange are as fake as a three-dollar bill.