ASX releases positive fiscal year results
16 August 2019 Sydney
Image: Shutterstock
Australian Securities Exchange’s (ASX) has reported a strong Q4 and fiscal year, ending 30 June 2019.
The results showed that statutory profit rose 10.5 percent from the same period last year to $492.0 million, an increase of 12.6 percent ($46.9 million).
ASX also stated stronger derivatives and over-the-counter (OTC) markets were two financial highlights relative to the prior comparative period, due to greater futures trading and OTC clearing activity.
The exchange also indicated a growth in trading services underpinned by higher usage of
auctions, centre point and technical services in equity post-trade services which reflectied higher cleared values flowing from greater cash market trading activity.
Since the release of its fiscal year results, ASX has opened an office in New Zealand and launched a new data analytics platform, ASX DataSphere, to improve customer access to data and analytics.
Commenting on the results, Dominic Stevens, CEO at ASX, said: “The 2019 financial year has delivered a number of pleasing outcomes for ASX and our stakeholders. The strong performance of our core businesses underpinned double-digit statutory profit growth, while we have continued to invest in the operation and integrity of our systems and pursued growth opportunities that aim to make business easier for our customers.”
He added: “Each of ASX’s four main businesses grew, as did interest earnings, with the overall performance driven by higher cash and futures markets trading, and an increasing appetite from our customers for technical connections and information services.”
“ASX’s diversified business model continues to deliver attractive earnings across different business cycles without compromising our commitment to operating markets of high quality.”
The results showed that statutory profit rose 10.5 percent from the same period last year to $492.0 million, an increase of 12.6 percent ($46.9 million).
ASX also stated stronger derivatives and over-the-counter (OTC) markets were two financial highlights relative to the prior comparative period, due to greater futures trading and OTC clearing activity.
The exchange also indicated a growth in trading services underpinned by higher usage of
auctions, centre point and technical services in equity post-trade services which reflectied higher cleared values flowing from greater cash market trading activity.
Since the release of its fiscal year results, ASX has opened an office in New Zealand and launched a new data analytics platform, ASX DataSphere, to improve customer access to data and analytics.
Commenting on the results, Dominic Stevens, CEO at ASX, said: “The 2019 financial year has delivered a number of pleasing outcomes for ASX and our stakeholders. The strong performance of our core businesses underpinned double-digit statutory profit growth, while we have continued to invest in the operation and integrity of our systems and pursued growth opportunities that aim to make business easier for our customers.”
He added: “Each of ASX’s four main businesses grew, as did interest earnings, with the overall performance driven by higher cash and futures markets trading, and an increasing appetite from our customers for technical connections and information services.”
“ASX’s diversified business model continues to deliver attractive earnings across different business cycles without compromising our commitment to operating markets of high quality.”
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
