Bolsas y Mercados Españoles, Sociedad Holding de Mercados y Sistemas Financieros, S.A., together with its subsidiaries, operates stock markets and financial systems in Spain. The company operates through six segments: Equities, Settlement and Registration, Clearing, Market Data and Value-Added Services, Derivatives, and Fixed Income. The Equities segment is involved in the trading of securities through the electronic trading platform; and the provision of listing and maintenance services for issuers on the equity market. The Settlement and Registration segment engages in the registration and settlement of equity, private fixed-income, and public debt trades. The Clearing segment is involved in the clearing, central counterparty, and settlement of financial derivatives, public debt repos, OTC interest rate derivatives, and electricity derivatives, as well as derivatives on equity spot trades from the Spanish electronic trading platform. The Market Data and Value-Added Services segment provides primary information services; index licenses and other related services; and technological, financial and consultancy innovation, global access, algorithmic trading, and regulatory compliance services. The Derivatives segment is involved in the trading of financial derivatives and electricity derivatives. The Fixed Income segment engages in the trading of private fixed-income and public debt securities; and the provision of listing and maintenance services for issuers on the private fixed-income market. Bolsas y Mercados Españoles, Sociedad Holding de Mercados y Sistemas Financieros, S.A. was incorporated in 2002 and is headquartered in Madrid, Spain.