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ASX LIMITED Interim / Quarterly Report 2017

Jun 4, 2017

64439_rns_2017-06-04_72d71d04-8a81-44eb-a8a8-78283b4e249a.pdf

Interim / Quarterly Report

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5 June 2017

Australian Securities and Investments Commission Mr Oliver Harvey Senior Executive Leader, Financial Market Infrastructure Level 5, 100 Market Street SYDNEY NSW 2000

ASX Market Announcements Office ASX Limited 20 Bridge Street SYDNEY NSW 2000

ASX GROUP MONTHLY ACTIVITY REPORT – MAY 2017

Attached is a copy of the ASX Group Monthly Activity Report for May 2017.

Amanda J Harkness Group General Counsel and Company Secretary

ASX Limited ABN 98 008 624 691

20 Bridge Street Sydney NSW 2000

www.asx.com.au Customer service 13 12 79

MARKET ANNOUNCEMENT

5 June 2017

ASX GROUP MONTHLY ACTIVITY REPORT – MAY 2017

The value of ASX-listed stocks, as measured by the All Ordinaries Index, fell 3.1% in May 2017. This movement was in contrast to major markets, including the UK up 4.4%, Hong Kong up 4.2%, Japan up 2.4%, Germany up 1.4%, the US up 1.2% and Singapore up 1.1%.

Volatility measures for the Australian equity market remained relatively low in May:

  • Volatility (as measured by the average daily movement in the All Ordinaries Index) was 0.4% in May, consistent with the previous month (0.4%).

  • Expected future volatility (as measured by the S&P/ASX 200 VIX) in May was an average of 12.2 (compared to 12.7 in April).

LISTINGS AND CAPITAL RAISINGS

  • In May 2017, total capital raised was $3.9 billion, up 15% on the previous corresponding period (pcp).
Listings and Capital Raisings May
2017
Month
May
2016
Month
May
2017
Financial
YTD
May
2016
Financial
YTD
New listed entities admitted
14
10
137
113
De-listings
11
9
110
127
Total listed entities (at end of month)
2,231
2,206
Change on pcp
1%
Initial capital raised ($million)
1,720
1,190
13,677
22,628
Change on pcp
45%
-40%
Secondary capital raised ($million)
2,095
1,592
35,547
43,573
Other capital raised including scrip-for-scrip ($million)
129
661
3,202
9,578
Total secondary capital raised ($million)
2,224
2,253
38,749
53,151
Change on pcp
-1%
-27%
Total capital raised including other ($million)
3,944
3,443
52,426
75,779
Change onpcp
15%
-31%

Page 1 of 7

TRADING – CASH MARKETS (INCLUDING EQUITIES, INTEREST RATE AND WARRANTS TRADES)

  • In May 2017, the average daily number of trades was 13% higher than the pcp. The average daily value traded on-market of $4.6 billion was up 3% on the pcp.
Cash Markets May
2017
Month
May
2016
Month
May
2017
Financial
YTD
May
2016
Financial
YTD
Total trading days
(Cash market includes equity, warrant and interest rate market
transactions)
Cash market volume
Total trades
Change on pcp
Average daily trades
Change on pcp
Cash market value
Open trading ($billion)
Auctions trading ($billion)
Centre Point ($billion)
Trade reporting ($billion)
Total value ($billion)
Change on pcp
Average daily value on-market ($billion)
Change on pcp
Average daily value ($billion)
Change on pcp
Average value per trade ($)
Change on pcp
Non-billable value (above cap) ($billion)
Total billable value ($billion)
Trade reporting means the value of trades executed outside
the order books of ASX or Chi-X that is subsequently reported
to ASX forpublication		 23
22
232
233
26,505,982
22,501,722 241,354,384 213,600,633
18%
13%
1,152,434
1,022,806
1,040,321
916,741
13%
13%
71.339
69.896
670.543
704.878
23.237
19.408
210.384
189.602
10.864
8.795
97.214
70.508
19.559
12.800
149.275
133.328
124.999
110.899
1,127.416
1,098.316
13%
3%
4.584
4.459
4.216
4.142
3%
2%
5.435
5.041
4.860
4.714
8%
3%
4,716
4,928
4,671
5,142
-4%
-9%
3.222
0.963
17.384
13.747
121.777
109.936
1,110.032
1,084.569

Page 2 of 7

TRADING – FUTURES

  • In May 2017, average daily futures and options on futures volumes were down 7% on the pcp. Average daily futures volume was down 6% and average daily options volume was down 50% on the pcp.
Futures May
2017
Month
May
2016
Month
May
2017
Financial
YTD
May
2016
Financial
YTD
Futures and options total trading days
(includes interest rate, ASX SPI 200, commodities and energy
contracts)
Futures volume
Total contracts
Change on pcp
Average daily contracts
Options on futures volume
Total contracts
Change on pcp
Average daily contracts
Total futures and options on futures volume
Total contracts
Change on pcp
Average daily contracts
Change onpcp		 23
22
234
235
11,170,855
11,416,728 123,133,737 118,389,864
-2%
4%
485,689
518,942
526,213
503,787
114,583
220,888
1,257,092
1,810,041
-48%
-31%
4,982
10,040
5,372
7,702
11,285,438
11,637,616 124,390,829 120,199,905
-3%
3%
490,671
528,983
531,585
511,489
-7%
4%

Volume of futures trading by individual contract is available at the following link - http://www.asx.com.au/data/market reports/MonthlyFuturesMarketsReport170531.pdf

CLEARING – OTC MARKETS

  • In May 2017, the notional value of OTC interest rate derivative contracts centrally cleared was $579 billion, compared to $512 billion in the pcp.
OTC Markets May
2017
Month
May
2016
Month
May
2017
Financial
YTD
May
2016
Financial
YTD
Total notional cleared value ($billion)
Open notional cleared value ($billion)
(at end of month)
* Cleared notional value is double sided		 579.179
512.091
4,646.115
2,097.542
2,903.990

Page 3 of 7

TRADING – EQUITY OPTIONS

  • In May 2017, the average daily number of exchange-traded options was up 4% on the pcp. Single stock options average daily contracts traded were up 9% on the pcp and index options average daily contracts traded were down 29% on the pcp.
Equity Options May
2017
Month
May
2016
Month
May
2017
Financial
YTD
May
2016
Financial
YTD
Exchange-traded options total trading days
(includes single stock equity options and index options)
Single stock equity options volume
Total contracts
Change on pcp
Average daily contracts
Index options volume
Total contracts
Change on pcp
Average daily contracts
Total options volume
Total contracts
Change on pcp
Average daily contracts
Change onpcp		 23
22
232
233
8,665,227
7,634,078
84,945,044
81,404,302
14%
4%
376,749
347,004
366,142
349,375
841,525
1,126,936
9,429,427
11,284,901
-25%
-16%
36,588
51,224
40,644
48,433
9,506,752
8,761,014
94,374,471
92,689,203
9%
2%
413,337
398,228
406,787
397,808
4%
2%

Page 4 of 7

CLEARING – EXCHANGE-TRADED MARKETS

  • Participant margin balances held on balance sheet at month-end totalled $7.1 billion in May 2017 compared to $5.3 billion in May 2016.
ASX Clearing Corporation
Collateral Balances – At End of Month		 May
2017
Month
May
2016
Month
May
2017
Financial
YTD
May
2016
Financial
YTD
Cash margins held on balance sheet:
- ASX Clear ($billion)
- ASX Clear (Futures) ($billion)
Cash equivalents held on balance sheet – ASX
Clear (Futures) ($billion)
Collateral cash cover held off balance sheet
(equities and guarantees) – ASX Clear ($billion)
Total billable cash market value cleared($billion)		 0.7
0.8
6.2
4.3
0.2
0.2
3.5
3.5
118.681
107.621
1,091.789
1,058.272

SETTLEMENT

  • The value of securities held in CHESS was 10% higher than the pcp. The number of dominant settlement messages in May 2017 was 3% higher than the pcp.

  • The value of securities held in Austraclear was 4% lower than the pcp.

ASX Settlement May
2017
Month
May
2016
Month
May
2017
Financial
YTD
May
2016
Financial
YTD
Value of CHESS holdings – period end
($billion)
Dominant settlement messages(million)		 1,809.2
1,637.7
1.6
1.5
16.3
15.6
Austraclear Settlement and Depository
Austraclear securities holdings – period end
($billion)		 1,839.8
1,909.8

Page 5 of 7

LISTINGS COMPLIANCE ACTIVITY

Listing Compliance Activity May
2017
Month
May
2016
Month
May
2017
Financial
YTD
May
2016
Financial
YTD
Total company announcements
Price queries by ASX ¹
Other continuous disclosure queries by ASX ²
Aware letters sent by ASX ³
Announcements made following a price query
Number of trading halts
Number of suspensions		 9,956
9,359
114,462
113,436
22
59
294
334
23
35
251
278
11
14
86
94
15
38
197
254
124
135
1,337
1,223
37
54
415
415

PARTICIPANTS

  • During the month of May there were no admissions, resignations or removals.
ASX Market Participants⁴ May
2017
Month
May
2016
Month
New admissions
Resignations and removals
Market/Clearing/Settlement Participants at month
end		 0
1
0
0
121
120
ASX Futures Participants
New admissions
Resignations and removals
Trading/ClearingParticipants at month end		 0
0
0
1
52
51

¹ Price queries are enquiries made by ASX (either by letter or phone) to a listed entity if it detects unusual movements in a listed entity’s security price or trading volumes to ask if the entity is aware of any information that has not been announced which, if know, might explain the movements.

² Other continuous disclosure queries are queries (other than price queries) raised by ASX with listed entities when ASX has concerns the entity may not be in compliance with its continuous disclosure obligations under Listings Rules 3.1, 3.1A and 3.1B. Examples include a query made following a media report or an announcement lodged with ASX.

³Aware letters are sent by ASX following an announcement by a listed entity and ask for details of when the listed entity became aware of the material information contained in the announcement.

⁴ Figures exclude Special Settlement Participants set up to effect a specific corporate action as their participation is only temporary.

Page 6 of 7

ENFORCEMENT

Referrals to ASIC ⁵ May
2017
Month
May
2016
Month
May
2017
Financial
YTD
May
2016
Financial
YTD
Continuous disclosure referrals
3
5
23
23
Other referrals
1
2
4
11
Total referrals to ASIC
4
7
27
34
Enforcement Matters May
2017
Month
May
2016
Month
Open ASX enforcement matters at month start
5
0
New enforcement matters commenced during the
month
1
0
Enforcement matters concluded during the month
1
0
Open ASX enforcement matters at month end
5
0
Fines imposed duringthe month($excludingGST)
20,000
Nil

ASX RULE CHANGES, WAIVERS AND EXEMPTIONS

  • Details of rule and guidance note changes can be accessed online at: http://www.asx.com.au/regulation/rules/recent-rule-amendments.htm

  • Details of waivers and exemptions granted by ASX can be accessed online at: http://www.asx.com.au/regulation/rules-guidance-notes-and-waivers.htm

  • The weekly Australian Cash Market Report is available here: http://www.asx.com.au/services/trading services/australian-cash-market-report.htm

Further enquiries:

Media

Analysts/Investor Relations

Matthew Gibbs Stephen Hammon General Manager, Media and Communications General Manager, Finance Tel: +61 2 9227 0218 Tel: +61 2 9227 0260 Mobile: 0411 121219 Mobile: 0488 212755 [email protected] [email protected] http://www.asx.com.au/about/media-releases.htm http://www.asx.com.au/about/investor-relations.htm

⁵ ASX is required, under sections 792B(2)(c) and 821B(2)(c) of the Corporations Act 2001, to refer a matter to ASIC if it has reason to suspect that a person has committed, is committing, or is about to commit a significant contravention of the ASX Group’s Operating Rules or the Corporations Act. It should be noted that a single referral may relate to more than one potential contravention. It should also be noted that the fact a matter has been referred to ASIC does not necessarily mean that a contravention has been committed or that ASIC will take enforcement proceedings in relation to it.

Page 7 of 7

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