Bolsas y Mercados Españoles Sociedad Holding de Mercados y Sistemas Financieros (BME) operates stock markets and financial systems. It operates through seven business units: Equities, Settlement and Registration, Derivatives, Clearing, Fixed Income, Information, and IT and Consulting. The Equities business unit is involved in the trading of securities through the electronic trading platform or on the stock exchange. The Settlement and Registration business unit engages in the registration and settlement of equity, private fixed-income, and public debt trades. The Derivatives business unit is involved in the trading of financial derivatives and electricity derivatives. The Clearing business unit specializes in the clearing, central counterparty, and settlement of derivatives, public debt repos, OTC interest rate derivatives, and electricity derivatives. The Fixed Income business unit is focused on the trading of private fixed-income and public debt securities, and the provision of listing and maintenance services for issuers on the private fixed-income market. The Information business unit engages in the dissemination of information as a primary source and offers index licenses and other related services. The IT and Consulting business unit produces and sells software products and provides global access, advisory, and training services.