ASX LIMITED FULL-YEAR RESULTS TO 30 JUNE 2017 (FY17)
* CONTINUED EARNINGS GROWTH – NPAT UP 1.9% TO $434.1M
* MACRO FACTORS PLUS BUSINESS INITIATIVES DRIVING GROWTH
Highlights relative to the prior comparative period (FY16) based on Group segment reporting:
•Replaced proprietary SYCOM platform introduced in the late 1990s
•Significant testing and preparation with close customer collaboration
•Approximately 50 ASX participants plus 30 other customers
–Broad range of global data vendors and software providers
–120 customer applications supported through conformance
–Over 820 users connected
•Legacy systems rationalised
–7 systems, comprising 17 separate applications, decommissioned
–20 databases across multiple environments eliminated
•Richer functionality and technical enhancements
–Real-time platform and user interface monitoring
–Enhanced pre-trade risk management
–Customers able to manage own trading limits
–Faster resolution of customer issues
•Smooth go-live with positive customer feedback
–Improved capacity and functionality particularly around contract roll
ASX operates at the heart of Australia's financial markets.
Our integrated listings, trading, clearing and settlement businesses
provide customers with efficient access to and exchange of capital,
management of risk, and provision of data and other solutions.
ASX operates across multiple asset classes including equities,
fixed income, commodities and energy.
ASX is the global leader in A$ and NZ$ financial markets, one of the
top 10 securities exchanges in the world and the largest interest
rate derivatives market in Asia. We have trading and information
hubs in many of the world's major financial centres, attract company
listings from all around the globe and are based in Australia, which
has one of the five largest investable assets pools in the world.
ASX operates and invests in the infrastructure that promotes
the stability and development of Australia's financial markets.
We advocate for regulations that support investors and issuers,
promote market integrity and strengthen Australia's global
ASX GROUP MONTHLY ACTIVITY REPORT – JULY 2017
The value of ASX-listed stocks, as measured by the All Ordinaries Index, rose 0.2% in July 2017. This was in contrast to most major markets, including Hong Kong up 6.1%, Singapore up 3.2%, the US up 1.9% and the UK up 0.8%. Japan was down 0.5% and Germany was down 1.7%.
Volatility measures for the Australian equity market were mixed during July:
* Volatility (as measured by the average daily movement in the All Ordinaries Index) was 0.6% in July, down on the previous month (0.7%).
* Expected future volatility (as measured by the S&P/ASX 200 VIX) in July was an average of 13.4 (compared to 12.7 in June).
CHANGE OF COMPANY SECRETARY
ASX advises that Amanda J Harkness has resigned as a Company Secretary of ASX effective today.
The Board wishes to thank Ms Harkness for her service and contribution to ASX as Company Secretary over the last decade.
Daniel Csillag continues as Company Secretary and as the person nominated under Listing Rule 12.6 for communication with ASIC with regard to Listing Rule matters.
ASX GROUP MONTHLY ACTIVITY REPORT – JUNE 2017
The value of ASX-listed stocks, as measured by the All Ordinaries Index, remained flat in June 2017. This was in contrast to most major markets, including Japan up 1.9%, Singapore up 0.5%, the US up 0.5%, and Hong Kong up 0.4%. Germany was down 3.0% and the UK down 2.8%.
Volatility measures for the Australian equity market increased during June:
• Volatility (as measured by the average daily movement in the All Ordinaries Index) was 0.7% in June, up on the previous month (0.4%).
• Expected future volatility (as measured by the S&P/ASX 200 VIX) in June was an average of 12.7 (compared to 12.2 in May).
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).
ROBERT PRIESTLEY APPOINTED TO THE ASX BOARD
The Board of ASX Limited (ASX) announces the appointment of Rob Priestley as a non-executive director effective today. Mr Priestley will stand for election at ASX's Annual General Meeting on 26 September 2017.
At ASX's 2016 AGM, ASX Chairman Rick Holliday-Smith foreshadowed that the Board would appoint an additional non-executive director following the appointment of Dominic Stevens as ASX's CEO.
Mr Holliday-Smith said: "The Board and I are delighted that Rob has agreed to join the ASX Board. He has over 30 years' experience in the financial services industry and has worked in capital markets around the world. As a former CEO he has strong leadership, strategy and governance skills, and his international and local experience will bring valuable insights into the needs and concerns of the financial institutions that are ASX's customers."
Mr Priestley was formerly the Chief Executive Officer of J.P. Morgan Australia & New Zealand, and a member of the bank's Asia Pacific Management Committee, roles he held for 15 years. J.P. Morgan recently announced Mr Priestley as Non-Executive Chairman of J.P. Morgan Australia & New Zealand after he retired as CEO and from his executive responsibilities. In a career spanning over 30 years, he has worked at JPMorgan Chase & Co. for 23 years, including as CEO of the ASEAN Region, Head of Global Emerging Markets and Head of International Fixed Income for Europe, Middle East and Africa Region (based in London), and Head of International Fixed Income, Asia Pacific Region (based in Hong Kong).
Revenue up $17.3million to $570.1million with continuedsolid performance across all businesses
Expenses up $7.6million, in line with guidance
EBITDA up $9.7 million
Interest and dividend income up $5.7 milliondue to higher margin balances
NPAT up 3.2% to $327.5million
Capex of $31.1million, on track for approximately $50 million as per guidance