In a new era of exchange linkages, where electronic exchanges can connect their members to other exchanges and liquidity pools without the need to link or merge, Bolsa de Madrid will link to six exchanges.

Following an agreement with GL Trade, Visual Trader, Bolsa de Madrid's electronic trading and order-routeing system, will be linked to GL's network, GL Net. The Spanish stock exchange's 460 members will be able to send orders directly to the stock exchanges in London, Frankfurt, Paris and Milan, as well as the Nasdaq and the New York Stock Exchange. At the same time, GL's 400 broker and financial institution users will be able to send their orders to Bolsa de Madrid members for execution and receive real-time information on Spanish stocks.