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The IBEX 35 (IBerian IndEX) is the benchmark stock market index of the Bolsa de Madrid, Spain's principal stock exchange.Initiated in 1992, the index is administered and calculated by Sociedad de Bolsas, a subsidiary of Bolsas y Mercados Españoles (BME), the company which runs Spain's securities markets (including the Bolsa de Madrid).
As of 2019, it was among the smallest of Europe's exchanges with a market capitalisation of 2.1 billion euros ($2.32 billion), less than half of Euronext's 5.2 billion euros. [4] [5] [6] In 2020, SIX Group, owner of the Swiss Stock Exchange, finalised the purchase of BME. [7]
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The IBEX 35 Index is a capitalization-weighted index comprising the 35 most liquid Spanish stocks traded in the continuous market, and is Bolsa de Madrid 's benchmark. Bolsa de Madrid also offers the FTSE-Latibex Index, a European market for Latin American stocks. The Ibex New Market Index, for emerging companies, was offered from 2000 to 2007.
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