What is the CIMD OTF?
The CIMD OTF (Organized Trading Facility) is our trading venue, authorized by the CNMV (the Spanish financial regulator) and included in the list of authorized venues by ESMA (European Securities and Markets Authorities). This venue allows us to offer our intermediation services to European clients and comply with MiFID II regulations. There are only two venues in Spain that meet these criteria.
Furthermore, in 2020, the CIMD OTF was approved by the American regulators as an American SEF equivalent vehicle. This allows us to service clients across the Atlantic.