ASX LIMITED 
6 October 2015
The value of ASX-listed stocks, as measured by the All Ordinaries Index, fell 3.1% in September 2015. Declines were also observed in other major markets, including Japan down 8.4%, Germany down 5.8%, Singapore down 4.5%, Hong Kong down 3.8%, the UK down 3.0% and the US down 2.6%.
Volatility measures for the Australian equity market increased during September:
Volatility (as measured by the average daily movement in the All Ordinaries Index) was 1.3% in September, up on the previous month (1.1%).
Expected future volatility (as measured by the S&P/ASX 200 VIX) rose in September to an average of 26.4 (compared to 20.2 in August).
LISTINGS AND CAPITAL RAISINGSIn September 2015, total capital raised was $9.9 billion, up 210% on the previous corresponding period (pcp).
Listings and Capital Raisings
September
2015
Month
September
2014
Month
September
2015
Financial
YTD
September
2014
Financial
YTD
New listed entities admitted
12
4
35
27
Change on pcp
200%
30%
Total Listed entities (at end of month)
2,211
2,188
Change on pcp
1%
Initial capital raised ($million)
2,041
190
5,439
5,810
Secondary capital raised ($million)
6,156
2,829
17,365
6,464
Other capital raised including scrip-for-scrip
($million)
1,730
181
3,454
981
Total secondary capital raised ($million)
7,886
3,010
20,819
7,445
Change on pcp
162%
180%
Total capital raised including other ($million)
9,927
3,200
26,258
13,255
Change on pcp
210%
98%
TRADING - CASH MARKETS (INCLUDING EQUITIES, INTEREST AND WARRANTS TRADES)In September 2015, the average daily number of trades was 18% higher than the pcp. The average daily value traded on-market of $4.3 billion was 21% higher than the pcp.
Cash Markets | September 2015 Month | September 2014 Month | September 2015 Financial YTD | September 2014 Financial YTD |
Total trading days (Cash market includes equity, warrant and interest rate market transactions) | 22 | 22 | 66 | 66 |
Cash market volume | ||||
Total trades | 19,371,574 | 16,362,701 | 55,340,395 | 47,018,429 |
Change on pcp | 18% | 18% | ||
Average daily trades | 880,526 | 743,759 | 838,491 | 712,400 |
Change on pcp | 18% | 18% | ||
Cash market value | ||||
Open trading ($billion) | 69.604 | 55.197 | 208.809 | 162.427 |
Auctions trading ($billion) | 20.062 | 16.910 | 53.410 | 45.345 |
Centre Point ($billion) | 5.915 | 6.635 | 18.531 | 18.864 |
Trade reporting* ($billion) | 15.023 | 12.980 | 39.316 | 39.080 |
Total value ($billion) | 110.604 | 91.722 | 320.066 | 265.716 |
Change on pcp | 21% | 20% | ||
Average daily value on-market ($billion) | 4.345 | 3.579 | 4.254 | 3.434 |
Change on pcp | 21% | 24% | ||
Average daily value ($billion) | 5.027 | 4.169 | 4.849 | 4.026 |
Change on pcp | 21% | 20% | ||
Average value per trade ($) | 5,710 | 5,606 | 5,784 | 5,651 |
Change on pcp | 2% | 2% | ||
Non-billable value (above cap) ($billion) | 2.291 | 2.109 | 3.803 | 4.407 |
Total billable value ($billion) | 108.313 | 89.613 | 316.263 | 261.309 |
*Trade reporting means the value of trades executed outside the order books of ASX or Chi-X that is subsequently reported to ASX for publication. | ||||
In September 2015, average daily futures and options on futures volume decreased 1% on the pcp. Average daily futures volume was flat on the pcp and average daily options volume was down 41% on the pcp.
Derivatives Markets
September
2015
Month
September
2014
Month
September
2015
Financial
YTD
September
2014
Financial
YTD
Futures and options total trading days
(includes interest rate, ASX SPI 200, commodities and energy contracts)
22
22
66
66
Futures volume
Total contracts
12,921,288
12,951,117
32,045,944
29,664,984
Change on pcp
0%
8%
Average daily contracts
587,331
588,687
485,545
449,469
Options on futures volume
Total contracts
133,558
226,516
434,722
829,405
Change on pcp
-41%
-48%
Average daily contracts
6,071
10,296
6,587
12,567
Total futures and options on futures volume
Total contracts
13,054,846
13,177,633
32,480,666
30,494,389
Change on pcp
-1%
7%
Average daily contracts
593,402
598,983
492,131
462,036
Change on pcp
-1%
7%
CLEARING - OTC MARKETSIn September 2015, the notional value of OTC interest rate derivative contracts centrally cleared was
$61.9 billion, compared to $16.7 billion in the pcp.
OTC Markets
September
2015
Month
September
2014
Month
September
2015
Financial
YTD
September
2014
Financial
YTD
Total notional cleared value* ($billion)
61.896
16.740
319.359
23.463
Open notional cleared value* ($billion)
(at end of month)
* Cleared notional value is double sided
482.060
TRADING - EQUITY OPTIONSIn September 2015, the average daily number of exchange-traded options decreased 15% on the pcp. Single stock options average daily contracts traded were down 17% on the pcp and index options average daily contracts traded were up 7% on the pcp.
Derivatives Markets
September
2015
Month
September
2014
Month
September
2015
Financial
YTD
September
2014
Financial
YTD
Exchange-traded options total trading days
(includes equity options and index options)
22
22
66
66
Equity options volume
Total contracts
9,106,274
11,025,385
24,378,229
29,641,807
Change on pcp
-17%
-18%
Average daily contracts
413,922
501,154
369,367
449,118
Index options volume
Total contracts
1,130,660
1,054,123
3,272,539
2,699,064
Change on pcp
7%
21%
Average daily contracts
51,394
47,915
49,584
40,895
Total derivatives volume
Total contracts
10,236,934
12,079,508
27,650,768
32,340,871
Change on pcp
-15%
-15%
Average daily contracts
465,315
549,069
418,951
490,013
Change on pcp
-15%
-15%
CLEARING - EXCHANGE-TRADED MARKETSParticipant margin balances held on balance sheet at month-end totalled $4.4 billion in September 2015 compared to $3.6 billion in September 2014.
ASX Clearing Corporation
Collateral Balances - At End of Month
September
2015
Month
September
2014
Month
September
2015
Financial
YTD
September
2014
Financial
YTD
Cash margins held on balance sheet:
- ASX Clear ($billion)
0.8
0.8
- ASX Clear (Futures) ($billion)
3.5
2.7
Cash equivalents held on balance sheet - ASX
Clear (Futures) ($billion)
0.1
0.1
Collateral cash cover held off balance sheet
(equities and guarantees) - ASX Clear ($billion)
3.4
3.8
Total billable cash market value cleared ($billion)
104.749
84.965
308.713
244.820
SETTLEMENTThe value of securities held in CHESS was flat compared to the pcp. The number of dominant settlement messages in September 2015 was 5% higher than the pcp.
The value of securities held in Austraclear was 11% higher than the pcp.
ASX Settlement | September 2015 Month | September 2014 Month | September 2015 Financial YTD | September 2014 Financial YTD |
Value of CHESS holdings - period end ($billion) | 1,462.7 | 1,456.4 | ||
Dominant settlement messages (million) | 1.4 | 1.4 | 4.1 | 4.0 |
Austraclear Settlement and Depository | ||||
Austraclear securities holdings - period end ($billion) | 1,821.4 | 1,637.5 | ||
The weekly Australian Cash Market Report is available here: http://www.asx.com.au/services/trading- services/australian-cash-market-report.htm
A separate ASX Compliance activity report for September 2015 has also been released today. Further enquiries:
Media Matthew Gibbs General Manager, Media and Communications Tel: +61 2 9227 0218 Mobile: 0411 121219 matthew.gibbs@asx.com.auhttp://www.asx.com.au/about/media-releases.htm | Analysts/Investor Relations Stephen Hammon General Manager, Finance Tel: +61 2 9227 0260 Mobile: 0488 212755 stephen.hammon@asx.com.auhttp://www.asx.com.au/about/investor-relations.htm |
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