SEND (Sistema Electrónico de Negociación de Deuda) is an electronic Fixed Income trading platform for retail investors. It was set up by BME through the AIAF Corporate Debt Market on 10 May 2010 to improve transparency and liquidity in the Spanish Corporate Debt Market.
With its creation, the Spanish Fixed Income market has kept one step ahead of the potential new regulation governing Fixed Income and provides its members with a valuable tool with which to execute their sale and purchase operations meeting the best-execution requirement.
It will help protect retail investors who will be able to buy and sell easily in a direct and transparent manner as if they were physically at the stock exchange while affording them greater freedom and independence.
SEND aims to become a benchmark in providing retail investors with information on Fixed Income prices at a time when private saving is on the increase. This is expected to encourage issuers to launch issues aimed at these retail savers.