Dowgate - MTF (Madrid)

Dowgate - MTF (Madrid) is a multilateral trading facility (MTF) based in Madrid, Spain. A multilateral trading facility is a European Union regulatory category for a trading venue that brings together multiple third-party buying and selling interests in financial instruments in a non-discretionary manner, operating under the Markets in Financial Instruments Directive (MiFID) framework. The entity is associated with the website kscm.es, which is linked to the Spanish market infrastructure context. As an MTF, Dowgate - MTF (Madrid) provides a regulated platform for the execution of trades in financial instruments, typically serving brokers, dealers, and institutional investors. The venue operates within the Spanish and broader European capital markets, subject to supervision by the Spanish securities regulator, the Comisión Nacional del Mercado de Valores (CNMV). The brand is part of the market infrastructure segment of the financial services industry, alongside regulated markets, systematic internalisers, and organised trading facilities. Detailed public information about its ownership, founding date, and specific product offering is limited in the available evidence, and the facility is primarily identified by its regulatory status as an MTF.

Dowgate - MTF (Madrid) is identified in public records as a multilateral trading facility (MTF) based in Madrid, Spain. The multilateral trading facility category was introduced in the European Union under the Markets in Financial Instruments Directive (MiFID), which came into force in 2007, creating a new class of regulated trading venues alongside traditional exchanges. MTFs are operated by investment firms or market operators and must comply with transparency and organisational requirements set out in MiFID and its successor framework, MiFID II. The Madrid-based facility is associated with the website kscm.es. As an MTF, it would be subject to authorisation and ongoing supervision by the Spanish securities market regulator, the Comisión Nacional del Mercado de Valores (CNMV). The available evidence does not specify the founding date, ownership structure, or the precise instruments traded on the venue. The name 'Dowgate' suggests a possible connection to the Dowgate group, a financial services name associated with trading and brokerage activities, but the evidence provided does not confirm this link. The facility operates in the Spanish market infrastructure landscape, which includes the Bolsas y Mercados Españoles (BME) group and various alternative trading venues. Further details about its history, corporate events, and market position are not available in the supplied sources.

Regulated European trading venue operating as a multilateral trading facility in Spain.

• Multilateral trading facility (MTF)

  A regulated trading venue that brings together multiple third-party buying and selling interests in financial instruments.

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