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BME Consulting moves into Madrid complex

19 July 2006  |  1577 views  |  0 Source: BME Consulting

BME last weekend completed the move of its companies and business areas into the new complex, at Las Rozas, on the outskirts of Madrid.

The complex already accommodates BME companies Iberclear, MEFF, AIAF, SENAF, Sociedad de Bolsas, Infobolsa, BME Consulting and Bolsa Madrid together with a large part of the Group's corporate services.

The concentration of the different BME's business areas and companies in a highly technological 11,000 square-metre complex, worth 41 million euros, will help improve the quality of the services which the company provides to the market and the agents in the financial industry. The initiative also represents a step forward in the shaping and integration process of the Group.

For BME this integration is a major step towards its full development and is consistent with the actions undertaken by the world's major stock exchanges over the last few decades. They have bought new, more functional facilities fitted to answer the current demands. Among them are worth mentioning the technological developments, in order to accommodate the increasingly numerous and sophisticated services they provide to their clients, keeping their traditional and emblematic buildings as representative, institutional venues. The incorporation to the new complex implies a major step in the consolidation of a new business culture which reflects the importance and projection of BME in the financial industry and the entire Spanish business fabric.

It is a strategic initiative in the management of BME, which will help integrate the human resources, reduce costs, facilitate the development of common services an avoid overlapping.

From the point of view of technology and communications, the integration into the new building of the different platforms, teams and infrastructures will bring about significant progress in achieving synergies by harmonising systems and sharing the Group's different resources.

The moves took place at the weekends to avoid any disruptions to the normal functioning of the markets. The entire process entails a significant complexity, given the considerable dependence on technology of BME's activities; also important are the consequences for the entire financial system. Thanks to this the markets have operated without disruptions.

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