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MEFF is the Spanish Official
Exchange for Financial Futures and Options. It started its activity in November
1989 and belongs to the MEFF-AIAF-SENAF Holding de Mercados Financieros.
Its main activity is the trading, clearing and settling of futures and options
contracts on Spanish 10 year Notional Bond, on equity index IBEX 35. MEFF
acts as the market and as the Clearing House. MEFF has been recognised by
Swiss and British Supervisory Authorities as authorised exchange for trading
with entities under their respective jurisdiction. Likewise, offering of
bond and equity futures and options contracts in US has been authorised
by the CFTC, which has granted the "Part 30 Exemption" to all exchange members.
MEFF is an Official exchange and therefore is fully regulated, controlled and supervised by the Spanish authorities ("Comisión Nacional del Mercado de Valores" y "Ministerio de Economía")
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Any resident or non resident entity
or natural person can be client and trade at MEFF, buying or selling futures
and options. The formal procedures for starting to trade at MEFF is as simple
as opening a current account. Consult with an entity member of MEFF. You
will find a list in the page members.
Summarily, MEFF is an exchange where financial futures and options are traded. These products are used either to cover your investments in fixed income and equities and guarantee a satisfactory return or to make new investments with lower costs and very attractive returns, according with the risk you want to take.
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