Corporate profits

BME Earns 11% Less And Announces A Reduction In Tariffs

BME ‘s income for 2018 fell -0.5% to 78.8 million euros while operating costs grew +7.2% to 30.5 million euros. Moreover, in order to confront the competition from alternative platforms, BME will reduce tariffs to attract volume. It will lower the charge on the most liquid shares from 0.30 to 0.25 bp for intermediaries who meet a series of requirements and fix the charge for shares with a floating capital between 3/10 billion euros at 0.60 bp.

Carlos Fernández

“Listed companies provide a lot of useless information which only confuses investors”

MADRID | June 22, 2015 | By Fernando Barciela | Member of the board at Spanish stock market operator BME since 2014, Carlos Fernández is the current ombudsman of the Madrid Stock Exchange. In the first part of this interview he spoke to The Corner about conflicts of interest in the auditing world –”Somehow regulators are the ones who should be regulated,”– and the excess of complex information that investors face.

No Picture

Spanish Stock Exchange’s trading volume grows by 49.8%

MADRID | By Julia Pastor | The operator of all Spain’s stock markets and financial systems BME has a couple of good reasons to celebrate. The company’s trading volume increased by 49.8% on a y-o-y basis to €72.2 bn in May, as the so-called Tobin tax on foreign exchange transactions has recently been postponed by 2016. This tax could cut BME’s volume by near 10%.

Tobin tax to have a 10% impact on Spanish equity trading volume (ACF)

MADRID | By Jaime Santisteban | Tobin tax will be in place the beginning of 2016 at the latest despite the UK’s finance industry heavyweight challenge. The Spanish government called it a sensible and cautious measure. Crucial questions such as the level of tax or how to levy are still in the air. 

Spanish stock exchange trades +30pc in October

MADRID | By The Corner Team | The Spanish market’s activity is reviving: after the continued rally of last weeks, the stock exchange reached a monthly historic record in its number of negotiations and traded 30% more than October 2012 –the highest figure in the last 27 months.