ASX : Monthly Activity Report - December 2019

Market Announcement

7 January 2020

ASX Group Monthly Activity Report - December 2019

Listings and Capital Raisings

• In December 2019, total capital raised was $11.6 billion, up 45% on the previous corresponding period (pcp).

Listings and Capital Raisings	December	December	December	December
	2019	2018	2019	2018
	Month	Month	Financial	Financial
			YTD	YTD
New listed entities admitted	20	14	55	72
De-listings	17	20	84	73
Total listed entities (at end of month)	2,240	2,284
Change on pcp	-2%
Initial capital raised ($million)	3,113	1,014	9,071	32,082
Change on pcp	207%		-72%
Secondary capital raised ($million)	8,052	4,818	30,280	23,004
Other capital raised including scrip-for-scrip ($million)	433	2,141	2,682	6,698
Total secondary capital raised ($million)	8,485	6,959	32,962	29,702
Change on pcp	22%		11%
Total capital raised including other ($million)	11,598	7,973	42,033	61,784
Change on pcp	45%		-32%

• In calendar year 2019, 94 new entities listed, compared to 132 in calendar year 2018. Total capital raised in calendar year 2019 totalled $66.3 billion, compared to $98.9 billion in calendar year 2018.

7 January 2020

Market Announcement 1/6

Trading - Cash Markets (including equities, interest rate and warrant trades)

• In December 2019, the average daily number of trades was 7% higher than the pcp. The average daily value traded on-market of $4.6 billion was down 5% on the pcp.
• Volatility (as measured by the average daily movement in the All Ordinaries Index) was 0.6% in December (compared to 0.9% in the pcp).
• Expected future volatility (as measured by the S&P/ASX 200 VIX) in December was an average of 12.0 (compared to 17.6 in the pcp).

Cash Markets	December	December	December	December
	2019	2018	2019	2018
	Month	Month	Financial	Financial
			YTD	YTD
Total trading days	20	19	130	129
(Cash market includes equity, warrant and interest rate market
transactions)
Cash market volume
Total trades	29,418,743	26,038,415	214,879,880	171,273,479
Change on pcp	13%		25%
Average daily trades	1,470,937	1,370,443	1,652,922	1,327,701
Change on pcp	7%		24%
Cash market value
Open trading ($billion)	54.236	54.140	398.583	368.321
Auctions trading ($billion)	30.441	29.903	186.701	161.193
Centre Point ($billion)	7.394	8.129	53.471	57.168
On-market value	92.071	92.172	638.755	586.682
Change on pcp	0%		9%
Trade reporting* ($billion)	17.136	13.592	135.071	104.162
Total cash market value ($billion)	109.207	105.764	773.826	690.844
Change on pcp	3%		12%
On-market average daily value ($billion)	4.604	4.851	4.914	4.548
Change on pcp	-5%		8%
Total average daily value ($billion)	5.460	5.567	5.953	5.355
Change on pcp	-2%		11%
Average value per trade ($)	3,712	4,062	3,601	4,034
Change on pcp	-9%		-11%
All Ordinaries Index (average daily movement)	0.6%	0.9%
Change on pcp	-33%
S&P/ASX 200 VIX (average daily value)	12.0	17.6
Change on pcp	-32%

*Trade reporting means the value of trades executed outside the order book of ASX that is subsequently reported to ASX for publication

• In calendar year 2019, the average daily number of trades was 1,595,223 which was 27% higher than in calendar year 2018, and the average daily value traded on-market was $4.8 billion which was 9% higher.

7 January 2020

Market Announcement 2/6

Trading - Futures

• In December 2019, average daily futures volume was up 1% and average daily options volume was up 121% on the pcp. Total average daily futures and options on futures volumes was up 2% on the pcp.

Futures	December	December	December	December
	2019	2018	2019	2018
	Month	Month	Financial	Financial
			YTD	YTD
Futures and options total trading days	20	19	130	129
(includes interest rate, ASX SPI 200, commodities and energy
contracts)
Futures volume
Total contracts	18,007,593	16,856,487	85,556,380	77,918,646
Change on pcp	7%		10%
Average daily contracts	900,380	887,184	658,126	604,021
Change on pcp	1%		9%
Options on futures volume
Total contracts	126,265	54,292	684,239	517,893
Change on pcp	133%		32%
Average daily contracts	6,313	2,857	5,263	4,015
Change on pcp	121%		31%
Total futures and options on futures volume
Total contracts	18,133,858	16,910,779	86,240,619	78,436,539
Change on pcp	7%		10%
Average daily contracts	906,693	890,041	663,389	608,035
Change on pcp	2%		9%

• In calendar year 2019, average daily futures and options on futures volume was 701,610 which was 12% higher than in calendar year 2018.

Volume of futures trading by individual contract is available at the following link: https://www.asx.com.au/data/market-reports/MonthlySfeMarketsReport191231.pdf

Clearing - OTC Markets

• In December 2019, the notional value of OTC interest rate derivative contracts centrally cleared was $1,447.2 billion, compared to $285.3 billion in the pcp.

OTC Markets	December	December	December	December
	2019	2018	2019	2018
	Month	Month	Financial	Financial
			YTD	YTD
Total notional cleared value ($billion)	1,447.212	285.335	7,059.216	2,036.538
Change on pcp	407%		247%
Open notional cleared value ($billion)	5,829.372	3,185.268
(at end of month)
Change on pcp	83%

• In the calendar year 2019, the notional value of OTC interest rate derivative contracts centrally cleared was $14,733.3 billion compared to $5,213.3 billion in calendar year 2018.

7 January 2020

Market Announcement 3/6

Trading - Equity Options

• In December 2019, single stock options average daily contracts traded were down 16% and index options average daily contracts traded were down 22% on the pcp.

Equity Options	December	December	December	December
	2019	2018	2019	2018
	Month	Month	Financial	Financial
			YTD	YTD
Exchange-traded options total trading days	20	19	130	129
(includes single stock equity options and index options)
Single stock equity options volume
Total contracts	5,247,456	5,952,708	33,927,663	36,635,525
Change on pcp	-12%		-7%
Average daily contracts	262,373	313,300	260,982	283,996
Change on pcp	-16%		-8%
Index options volume
Total contracts	813,978	994,440	4,658,817	6,195,783
Change on pcp	-18%		-25%
Average daily contracts	40,699	52,339	35,837	48,029
Change on pcp	-22%		-25%

• In calendar year 2019, the average daily number of single stock options was 281,096 which was 5% lower and the average daily number of index options was 38,518 which was 23% lower than in calendar year 2018.

Clearing - Exchange-Traded Markets

• Participant margin balances held on balance sheet at month-end totalled $10.5 billion in December 2019 compared to $7.3 billion in December 2018.

ASX Clearing Corporation	December	December	December	December
Collateral Balances - At End of Month	2019	2018	2019	2018
	Month	Month	Financial	Financial
			YTD	YTD
Cash margins held on balance sheet:
- ASX Clear ($billion)	0.6	0.6
- ASX Clear (Futures) ($billion)	9.0	5.9
Cash equivalents held on balance sheet - ASX Clear	0.9	0.8
(Futures) ($billion)
Total cash margins held on balance sheet	10.5	7.3
Change on pcp	44%
Collateral cash cover held off balance sheet (equities	3.4	3.0
and guarantees) - ASX Clear ($billion)
Change on pcp	13%
Total billable cash market value cleared ($billion)	100.136	99.593	702.140	645.378
Change on pcp	1%		9%

7 January 2020

Market Announcement 4/6

Settlement

• The value of securities held in CHESS was 20% higher than the pcp. The number of dominant settlement messages in December 2019 was 1% lower than the pcp.
• The value of securities held in Austraclear was 5% higher than the pcp.

ASX Settlement	December	December	December	December
	2019	2018	2019	2018
	Month	Month	Financial	Financial
			YTD	YTD
Value of CHESS holdings - period end ($billion)	2,274.1	1,891.4
Change on pcp	20%
Dominant settlement messages (million)	1.475	1.488	10.038	10.076
Change on pcp	-1%		0%
Austraclear Settlement and Depository
Austraclear securities holdings - period end ($billion)	2,097.0	1,988.2
Change on pcp	5%

Listings Compliance Activity

From 1 July 2019, ASX no longer publishes the Listings Compliance activity figures in this monthly activity report.

Participants

There were no Participant admissions or resignations during the month of December 2019.

ASX Market Participants 4	December	December
	2019	2018
	Month	Month
New admissions	0	0
Resignations and removals	0	2
Market/Clearing/Settlement Participants at month end	111	117
ASX Futures Participants
New admissions	0	0
Resignations and removals	0	1
Trading/Clearing Participants at month end	47	52

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

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

7 January 2020

Market Announcement 5/6

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
David Park	Josie Ashton
Corporate Communications Adviser	Head of Investor Relations
T	[phone]	T	[phone]
M	0429 595 788	M	0416 205 234
E	[e-mail]	E	[e-mail]
http://www.asx.com.au/about/media-releases.htm	http://www.asx.com.au/about/investor-relations.htm

7 January 2020

Market Announcement 6/6