The Valencia Stock Exchange is one of the four Spanish stock exchanges and fixed or variable income securities are traded on it.
In Spain there are four stock exchanges. That of Madrid, Barcelona, Valencia and Bilbao, the first three coinciding with the most populated cities. We are, therefore, before a Spanish capital market located in the Valencian Community.
This market trades both shares and bonds or any other financial asset or liability. As in the rest of the stock markets, these operations are carried out in an orderly manner and, in addition, regulated by the National Securities Market Commission (CNMV).
History of the Valencia Stock Exchange
Let’s see some of the most relevant historical facts of the Valencia Stock Exchange.
- In the 15th and 16th centuries, the “Taules de Canvis” appeared in Spain and in 1405 the Valencian Consell received the king’s approval to create one of them in Valencia.
- On the other hand, in 1482 the Lonja de Valencia was born with the idea of putting buyers and sellers in contact in an orderly manner.
- In the 18th and 19th centuries, securities emerged, which caused a growth in the operations of this market.
- There was a precedent called “Bolsín de Comercio” where social agents met to negotiate outside the statutory hours and places.
- In 1980 this pocket was transformed into the Valencia Stock Exchange.
- Its headquarters have been at number 19 Calle Pascual y Genis, number 23 Calle Pintor Sorolla and the financial area of Ciutat Vella.
Objectives of the Valencia Stock Exchange
This stock market was born with the philosophy of being a support for the financing of companies in the region. Thus, the goal is economic development. On the other hand, it is an important channel for savers who want to keep their investments diversified.
Thus, it is a link between those who want to invest and those who are interested in financing those investments. On the other hand, it does not forget its national and international presence, as shown by its adhesion to Bolsas y Mercados Españoles (BME).
Members of the Valencia Stock Exchange
To finish, let’s look at the members of this stock exchange.
- Auriga Global Investors, a company specialized in investments by individuals and companies, born in 2007.
- Banco Bilbao Vizcaya Argentaria (BBVA). This Spanish financial entity is one of the main ones together with Banco Santander, Caixabank and Banco Sabadell.
- Mediolanum Bank. It belongs to the business group of the same name and provides its clients with the figure of the Family Banker, a personal manager.
- Santander Bank. It is another Spanish financial institution owned by the Botín family and which, in the past, was a currency-issuing bank.
- Bankinter. It is the sixth Spanish financial institution by volume of assets.
- CaixaBank. Private bank formed by the former savings bank Fundación Bancaria Caixa d’Estalvis i Pensions de Barcelona. One of the three main banks in the country.
- Cecabank. A Spanish financial institution based in Madrid.
- GVCGaesco. We are dealing with a company specialized in investments.
- Income 4. Once again, we find a company that advises investors.
- Société Générale Spanish headquarters. A French investment company whose main headquarters are in the country and which is also a member of the Valencia Stock Exchange.