Spanish Exchange BME Posts Mixed Financial Results in Q1 2017
- BME revealed that revenues pointed lower, coming in at €82.3 million, down 0.2 percent YoY compared to Q1 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 March 31, 2017, 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 services, derivatives and stocks markets among many others.
The London Summit 2017 is coming, get involved!
For Q1 2017, BME revealed that revenues pointed lower, coming in at €82.3 million ($89.4 million), down 0.2 percent YoY compared to Q1 2016.
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 in Spain, operating costs in the first quarter increased by 1.7 percent in year on year terms to €53.8 million ($58.4 million).
In terms of BME’s EBITDA for Q1 2017, the figure amounted to €53.8 million ($58.4 million) – this represents a drop of 2.9 percent YoY from Q1 2016.
The main management indicators were also mixed at the end of March in year on year terms. The efficiency ratio was down 2.3 points to 35.5 percent while the Return on Equity (ROE) was higher 1.7 points to 32.3 percent, compared to a year ago.
Finally, BME reported a net profit of €39.3 million ($42.69 million) in the first quarter of 2017, down 8.3 percent from Q1 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 March 31, 2017, 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 services, derivatives and stocks markets among many others.
The London Summit 2017 is coming, get involved!
For Q1 2017, BME revealed that revenues pointed lower, coming in at €82.3 million ($89.4 million), down 0.2 percent YoY compared to Q1 2016.
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 in Spain, operating costs in the first quarter increased by 1.7 percent in year on year terms to €53.8 million ($58.4 million).
In terms of BME’s EBITDA for Q1 2017, the figure amounted to €53.8 million ($58.4 million) – this represents a drop of 2.9 percent YoY from Q1 2016.
The main management indicators were also mixed at the end of March in year on year terms. The efficiency ratio was down 2.3 points to 35.5 percent while the Return on Equity (ROE) was higher 1.7 points to 32.3 percent, compared to a year ago.
Finally, BME reported a net profit of €39.3 million ($42.69 million) in the first quarter of 2017, down 8.3 percent from Q1 2016.