Full schedule of the Spanish Stock Exchange: when to trade in the Madrid market

The SIBE and the Structure of the Spanish Stock Market

Stock market activity in Spain is coordinated through the Spanish Stock Market Interconnection System (SIBE), which integrates four trading centers: Madrid Stock Exchange, Barcelona Stock Exchange, Valencia Stock Exchange, and Bilbao Stock Exchange. Among these, the Madrid Stock Exchange stands out as the most relevant, concentrating the country’s largest business activity and serving as the basis for the IBEX 35 index.

What time does the Madrid Stock Exchange operate?

The opening hours of the Spanish stock market are from Monday to Friday at 9:00 am (CEST), marking the start of the regular trading session. The session closes at 5:30 pm local time. These hours remain consistent throughout the year, except during specified holidays.

Trading phases: opening and closing auction

Before the regular session begins, the opening auction operates from 8:30 am to 9:00 am. During this phase, pending orders from the previous session along with new instructions registered during the auction period are executed, determining the opening price.

Similarly, after the session closes at 5:30 pm, the closing auction runs until 5:35 pm, allowing positions to be closed at an equilibrium price established at that moment.

Annual calendar: trading days and holidays

The opening hours of the Spanish stock market apply only from Monday to Friday. For 2025, the Madrid Stock Exchange will be closed on the following dates:

• Wednesday, January 1
• Friday, April 18
• Monday, April 21
• Thursday, May 1
• Thursday, December 25
• Friday, December 26

Additionally, there are shortened sessions on certain dates when trading operates only during half sessions.

Historical trajectory of the Madrid Stock Exchange

The institution was founded on September 10, 1831, through the Law of Creation of the Madrid Stock Exchange, drafted by Pedro Sainz de Andino. The first negotiations began on October 20 of the same year, involving banking entities, steel companies, and railway companies.

Other Spanish stock exchanges followed later: Bilbao in 1890, Barcelona in 1915, and Valencia in 1980. The integration of all of them into the SIBE was completed in 1995, and since 2001, Bolsas y Mercados Españoles (BME) has managed its operational activities. The IBEX 35 index, which groups the 35 companies with the largest market capitalization, was created on January 14, 1992.

Major listed companies

The Madrid market lists Spain’s most relevant international corporations. Among them are BBVA and Banco Santander in the financial sector, ACS, Ferrovial, and Acciona in construction and infrastructure, as well as Inditex as the country’s leading retail operator. These companies maintain a strong presence in Latin American markets.

Time correspondence in Latin America

For operators in Latin America, the opening hours of the Spanish stock market in local times are:

Knowing these hours is essential for planning trading strategies in Spanish securities of international relevance.