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BME acquires stake in Spanish smart data firm

Bolsas y Mercados Españoles Sociedad Holding de Mercados y Sistemas Financieros said it acquired a 9.7% stake in Spain-based smart data financial firm Finect Inc.

The Spanish stock exchange operator said the transaction, which is worth less than €1 million, would add to the company's diversification and strengthen its commitment to digital financial services, according to the Feb. 1 statement.

Finect provides investors with a specialized social media community, interactive tools to improve decision-making and financial information based on smart data technology, among other services.