The Australian Securities Exchange Group published its monthly activity report for June 2018 today. Overall, the report shows a mixed bag of results, with the futures market being the only sector to see increases in volumes across the board.
The Australian Securities Exchange Group is the umbrella brand developed to reflect the role of ASX Limited, the owner of the Australian Securities Exchange (ASX). The ASX is Australia’s primary securities exchange.
ASX June 2018 Volumes
The futures market had a good month in June 2018. Compared to the previous corresponding period (pcp), all values increased – average daily futures and options on futures volumes saw an increase of five percent and average daily volumes for futures and options jumped five percent and 12 percent respectively.
June 2018, also saw the total capital raised on the exchange increase to $4.6 billion. This is up 29 percent on the pcp.
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Looking at the cash markets, the average daily number of trades was two percent higher than the pcp. However, the average daily value traded on the market was $4.8 billion, a decline of one percent on the pcp.
Volatility was up by 0.1 percent from May, coming in at 0.4 percent. The expected future volatility in June was an average of 11.7. This is lower compared to May’s figure of 12.0.
Equity options volumes for June 2018 were mixed. The daily average of exchange-traded options was down 11 percent from June 2017. The daily average for single stock options also saw a 16 percent decrease when compared to the same time period last year. However, the daily average contracts for index options were up a significant 30 percent on the pcp.
The value of securities held in CHESS (Clearing House Electronic Subregister System), a computer system used by ASX to record shareholdings, was 15 percent higher than the pcp. The number of dominant settlement messages in June 2018 was nine percent higher than the pcp.
The ASX Group is the result of the merger of the Australian Stock Exchange and the Sydney Futures Exchange in July 2006. Today, it is one of the world’s top-10 listed exchange groups measured by market capitalization. The group is a multi-asset class exchange group, and it functions as a market operator, clearing house and payments facilitator.