Spanish repository aims to accept forex derivatives by end of 2010
MADRID – The Spanish stock exchange, Bolsas y Mercados Españolas (BME), is considering launching a repository for foreign exchange over-the-counter derivatives by the end of 2010, according to Jésus Benito, chief executive of Iberclear, the central depository for stocks in Spain owned by BME.
"At the moment, we're planning to launch interest rates in July and then the idea is to move onto other asset classes – by December, we are aiming to have equities and maybe forex as well," he said.
BME
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