AIAF is Spain’s benchmark market for Corporate Debt and Private Fixed Income. It forms part of Bolsas y Mercados Españoles (BME) , which operates the Spanish financial markets.

Unlike over-the-counter markets, AIAF is a regulated market and is subject to supervision by the pertinent authorities who oversee its operation and the procedures followed for listing companies and disseminating information. The market has changed greatly in recent years and today has the necessary infrastructure and platforms in place to make it one of the most modern, fluid and transparent in the world.