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Industry news

ASX sees value of securities held in CHESS decrease


08 April 2020 Sydney
Reporter: Maddie Saghir

Generic business image for news article
Image: Shutterstock
The Australian Securities Exchange (ASX) has revealed that the value of securities held in
CHESS was 13 percent lower than the previous corresponding period (pcp), while the number of dominant settlement messages was 81 percent higher than the pcp.

ASX’s monthly activity report showed the value of securities held in Austraclear was 4 percent higher than March 2019, according to the ASX report.

Elsewhere, the report found that total capital raised stood at $4.2 billion, down 22 percent on the pcp.

For clearing and exchange-traded markets, ASX noted that participant margin balances held on balance sheet at month-end totalled $14.3 billion in March 2020, compared to $9.9 billion in March last year.

ASX also reported that in trading, equity options, in March this year, single stock options average daily contracts traded were up 10 percent and index options average daily contracts traded were up 44 percent on the pcp.

Meanwhile, for clearing, over-the-counter markets (OTC), the notional value of OTC interest rate derivative contracts centrally cleared was $1,300.1 billion, compared to $1,051.6 billion in the pcp.

Looking at trading, the average daily futures volume was up 6 percent and average daily options volume was down 49 percent on the pcp.

In the report, ASX said that total average daily futures and options on futures volumes were up 6 percent on the pcp.



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