Brazil’s BM&FBOVESPA Reports Mixed Results for 2016

Brazil’s largest Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, BM&FBOVESPA, today reported its operating metrics for the fiscal year ending December 31, 2016, which saw a large retreat across its aggregated revenues, according to a corporate statement.

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During 2016, BM&FBOVESPA reported its total revenues of just R$2.57 billion ($831 million), which represents a growth of 4.8 percent year-on-year from R$2.45 billion ($792 million) in 2015. However looking at the revenues from trading, 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 and settlement (BM&F segment), the figure in 2016 came in at R$1.05 billion ($339 million), having fallen -2.2 percent year-on-year from R$1.07 billion ($347 million) by the end of the 2015 fiscal year.

Operating revenues from Bovespa segment were stronger over a year-on-year basis, yielding R$978 million ($316.35 million) in 2016 an increase of 8.3 percent over the previous year. Trading and post-trading revenues totaled R$959.2 million ($310.2 million), an increase of 8.8 percent over 2015. A look at the other revenues segment in the entire 2016 year, the performance was much more upbeat, as revenues not tied to volume traded reached R$548.2 million ($177.2 million) in 2016, a 13.9 percent increase year-over-year.

BM&FBOVESPA’s net income was also much lower in 2016, with a figure of R$1.44 billion ($467.7 million), down by 34.3 percent over 2015. Excluding extraordinary items, notably the reversal of a provision for tax payable relating to the divestment on CME Group shares in 2016, net income would have been R$1.81 billion ($586.8 million), a 7.1 percent increase over the previous year.