DEFINITION of 'Bilbao Stock Exchange (BIL) .BI '
One of Spain's four major securities exchanges. Founded July 1890 and opened for trading in 1891, the Bilbao Stock Exchange (in Spanish, the "Bolsa de Bilbao") supports the financial, industrial and economic development of the Basque Country. It has provided financing for many major investment projects in the region, including shipyards, shipping companies, mines and banks.
BREAKING DOWN 'Bilbao Stock Exchange (BIL) .BI '
The Basque Stock Exchange trades public debt, bonds, ETFs, derivatives, options, and more. It is a member of Bolsas y Mercados Españoles, an organization designed to streamline Spain's four major securities exchanges (Madrid, Valencia, Barcelona and Bilbao). It is also a full member of the International Federation of Stock Exchanges, Federation of European Securities Exchanges, and several other related international organizations.