BME reported net profit of €33 million in the first quarter of 2013, down 7.1% year-on-year, while it was 8.6% higher than the figure for the fourth quarter 2012. Revenue for the period reached €73 million, down 5.6% on the first quarter of 2012.
A group of five central securities depositories (CSDs) from around the world have formed a liquidity alliance designed to help solve the global collateral shortage prompted by the 2007 financial crisis and subsequent regulatory changes.
The consortium formed by BME and AFI has been awarded a contract by the Algerian government to create an electronic Public Debt platform.
The Board of Directors of BME agreed during a meeting held today, to appoint Javier Hernani Burzako as Managing Director of the company.
BME, through its innovation subsidiary, BME Innova and in association with TAvA, one of Spain's main specialists in Treasury systems, fulfills its commitment to helping public administrations increase their efficiency.
European equity trading venue Quote MTF and London-based investment bank Capital Partners have outlined plans to enter the Spanish market.
BME, through its innovation subsidiary, BME Innova, and in association with Anadat Consulting, one of Spain's main virtualisation integrators, has launched the solution BME InCloud, a Cloud computing service tailored to the needs of SMEs.
BME's co-location service will start operations on November 12th in its Data Processing Centre, in Madrid. In addition, BME will provide high-tech facilities to house its Market Member's automatic trading systems.
Orange Business Services - Trading Solutions, the leader in voice and electronic trading infrastructure and services for the trading communities, today announced its financial extranet TCSnet is now connected to Bolsas y Mercados Españoles (BME), the operator of all stock markets and financial systems in Spain. Chosen to provide co-location services for BME members, the Madrid based exchange is looking to capture a greater trade flow from high-frequency traders with a rapid time to market through TCSnet.
Interxion, a leading European provider of carrier-neutral colocation data centre services, will offer access to BME's Madrid-based co-location service from its City of London data centre campus.
© Finextra Research 2013