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Industry news

Another good month for ASX


05 November 2018 Sydney
Reporter: Jenna Lomax

Generic business image for news article
Image: Shutterstock
The Australia Stock Exchange (ASX) revealed that total capital raised was $12.4 billion in October, up 96 percent from October 2017, the previous corresponding period (pcp).

The statistic was released as part of the ASX Group’s Monthly Activity Report.

In October, average daily futures and options on futures volumes were up 12 percent on the pcp.

Average daily futures volume were up 13 percent and average daily options volume were down 16 percent on the pcp.

In October 2018, the average daily number of trades was 22 percent higher than the pcp.

The average daily value traded on-market of $4.6 billion was up 25 percent on the pcp.

Volatility, which is measured by the average daily movement in the All Ordinaries Index, was 0.7 percent in October, up on the previous month by 0.4 percent.

Expected future volatility in October was an average of 16.4 percent, compared to 12.4 percent in September.

October also saw the notional value of over-the-counter interest rate derivative contracts centrally cleared was $215 billion, compared to $449 billion in the pcp.

Single stock options average daily contracts traded were down 8 percent and index options average daily contracts traded were up 13 percent on the pcp.

The value of securities held in Clearing House Electronic Sub-register System (CHESS) was 1 percent higher than the pcp.

The number of dominant settlement messages in October 2018 was 26 percent higher than the pcp.

ASX plans to replace CHESS with a distributed ledger technology solution as the post-trade infrastructure for Australia’s equity market.

The new system is estimated to go-live between Q4 2020 and Q1 2021.
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