Dictionary of Finance and Investment Terms: senaf
senaf
the electronic trading platform for Spanish public debt bonds, part of the integrated Financial Markets Holding that includes the country's derivatives and fixed-income markets. The SENAF operates a blind bond-trading system and a single order book. Its main shareholders are the majority of the Spanish banks through the AIAF (Asociacin de Intermediarios de Activos Financieros, or the Association of Financial Assets Intermediaries) and the four blind brokers officially authorized by the Bank of Spain. In addition to Barcelona, Madrid, and Valencia, SENAF also has operative terminals in London, Paris, Frankfurt, and Milan.
