Spanish Exchange BME Posts Dim Financial Results in Q2 2018

Bolsas y Mercados Españoles (BME), the operator of all stock markets and financial systems in Spain, has reported its consolidated results for the six months ending June 30, 2018, 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.

For H1 2018, BME revealed that revenues pointed lower, coming in at €154 million ($180 million), down 6.3 percent year-over-year compared to H1 2017.

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 the first half increased by 6.1 percent over a yearly basis to €57.7 million ($67.3 million).

In terms of BME’s EBITDA for H1 2018, the figure amounted to €96.2 million ($112.2 million) – this represents a drop of 12.5 percent year-over-year from H1 2017.

Mixed turnover metrics

The main management indicators were also mixed at the end of June 2018 in year on year terms. The efficiency ratio was higher 4.4 points to 37.5 percent while the Return on Equity (ROE) was lower 4.3 points to 33.1 percent, compared to a year ago.

Finally, BME reported a net profit of €71.3 million ($83 million) in the first half of 2018, down 11.2 percent from H1 2017.

Delving into volumes metrics, the Spanish Stock Exchange revealed that equity trading volume pointed lower in the second quarter, coming in at €191.2 billion, down 6.3 percent compared to Q2 2017’s figures. Across a quarterly interval, however, the trading volume in Q2 2018 was higher by a factor of 30 percent when compared with the first quarter.