Bolsa de Madrid all fixed-income assets are traded through SIBE. The Madrid Stock Exchange General Index (IGBM) is the exchange's principal index and represents the construction, financial services, communications, consumer, capital/intermediate goods, energy, and market services sectors. The IBEX 35 Index is a capitalization-weighted index comprising the 35 most liquid Spanish stocks traded in the continuous market, and is Bolsa de Madrid's benchmark. Bolsa de Madrid also offers the FTSE-Latibex Index, a European market for Latin American stocks. The Ibex New Market Index, for emerging companies, was offered from 2000 to 2007. Settlement is T + 3. Trading on SIBE is conducted from
Rancho Bolsa de San Cayetano Alameda in 1842. With the cession of California to the United States following the Mexican-American War, the 1848 Treaty of Guadalupe Hidalgo provided that the land grants would be honored. As required by the Land Act of 1851, a claim for Rancho Bolsa de San Cayetano was filed by José de Jesús Vallejo with the Public Land Commission in 1852 and confirmed by the US District Court in 1856. Vallejo unsuccessfully appealed the official survey to the US Supreme Court, and the grant was patented in 1865. A claim for half of the grant to José Dolores Pico was filed