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