BME Posts Mixed Financial Results in Q3 2016

Bolsas y Mercados Españoles (BME), the operator of all stock markets and financial systems in Spain, has reported its consolidated results for the three months ending September 30, 2016, which saw mixed flows across various segments including Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term services, derivatives and stocks markets among many others.

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For Q3 2016, BME revealed that revenues pointed lower, coming in at €74.6 million ($81.44 million), down 10.4 percent YoY from €83.3 million ($90.96 million) in Q3 2015.

Operating costs in the third quarter decreased by 3.2 percent in year on year terms to €24.6 million ($26.85 million), bringing the figure in the first nine months of the year to €76.6 million ($83.63 million), a 1.7 percent YoY drop. Stripping out the effect of extraordinary costs and those associated with the reform of clearing and Settlement Settlement Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Read this Term in Spain, operating costs in Q3 2016 added 3 percent while the increase through September was 2.7 percent compared to the same period in 2015.

In terms of BME’s EBITDA for Q3 2016, the figure amounted to €48 million ($52.39 million) – this represents a drop of 17 percent YoY from €57.8 million ($63.09 million) in Q3 2015. Across the first nine month interval, EBITDA totalled €161.6 million ($176.45 million), down 17 percent from €186.6 million ($203.75 million) in the year earlier.

The main management indicators remained favourable at the end of September in year on year terms. The efficiency ratio improved 3.7 points to 32.9 percent while the Return on Equity (ROE) was lower 3.8 points to 37.3 percent, compared to a year ago.

Earnings per share until September 2016 amounted to €1.45 per share which reflects a YoY decraese of 8.8% from €1.59 in 2015.