10
Jul

BME Grid.jpg
6 Billion Euros changing hands in 5 minutes; Bloomberg, BBC and TV1 making their finishing speech at the Bolsas y Mercados Españoles were among the few things that the Finance Club of Instituto de Empresa experienced on their June 18th visit to the BME.


Our group received a warm welcome from Mr. José Antonio Pérez and his team followed by a guided tour of the trading floor, the ceiling of which in the artistic sense represents all industries of Spain. “Although most of our days’ trading is done electronically a morning presential session takes place every working day” as explained by Jose with further comprehensive ratification of the functions of the different trading pits.
Our group then moved towards the state of the art conference room where Mr. Pérez gave us a presentation on the “closing auction” this is where we also witnessed 6 billion euros changing hands during the last 5 minutes of closing of the markets.
We walked out of BME having the practical knowledge on how the stock market and the electronic exchange works.
Here are some of the quotes that present shared:
Samarth Sheth: “Amazing practical knowledge; “closing auction” was only theory before we actually witnessed it at BME”.
Miroslav Toshkin: “The visit was thrilling, and at the same time interesting, because I worked on the stock exchange in Bulgaria and with this visit I could get in touch with the latest technological achievements and functioning of one of the most advanced trading platforms in Europe. I think we should turn this cooperation into tradition, so that the next class of finance enthusiasts at Instituto de Empresa could benefit from the good relation and reception, we received at BME”.
Joaquín A. Ruiz Tarré: “We were impressed by the amount of transactions that take place in a few seconds and the importance of the SIBE system (i.e. sistema de interconexión bursátil español) in today’s global finance world”.
About the IE Finance Club
The IE Finance Club is a student run organization that aims to help IE students learn about careers within the finance industry. The club hosts a number of events throughout the academic year, which are conceptualized and organized by its more than 45 members who are divided into several teams (e.g. education session, private equity, private banking, investment banking and stock market competition).

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