MOEX’s Q1 Financials See Profits Decline, Weighed Down by FX, Derivatives

[kreslik.news]

Moscow Exchange (MOEX), Russia’s largest institutional trading venue, has reported its Q1 2017 report, which detailed its operating figures and financial results. The biggest change this quarter was a dive in its derivatives volumes, though its fees across multiple segments reported a wide change on a yearly basis.

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In particular, MOEX reported an operating income of $164.4 million (RUB 9.46 billion) in Q1 2017, which was lower by -19.4 percent year-over-year from $204.0 million (RUB 11.74 billion) in Q1 2016. On a quarterly basis, the decline was much less pronounced, falling by ... (read more)