The New Zealand Exchange (NZX) has reported its financial metrics for Q3 2015, which were highlighted by standout performances across a number of key areas of its business, according to an NZX statement.
Back in August, the NZX released its financial results for H1 2015 – during this period, the NZX revealed higher revenues that came in at $3.2 million, up a staunch 10.4% YoY from H1 2014, which had been due in large part to the acquisition of SuperLife Limited. This move helped pave the way for an augmentation of Exchange-Traded Funds (ETF) offered as a component of NZX’s business.
During Q3 2015, NZX’s Q3 revenue yielded a revenue growth of 12.9% YoY to $18.6 million from just $16.5 million in Q3 2014. One of the primary factors for this rise was the expansion of NZX’s fund management business in conjunction with its strong trading activity during the quarter.
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The best performing area of the NZX during Q3 however was its funds management business. The exchange’s funds management was responsible for revenues of $2.44 million in Q3 2015, up a steadfast 249.3% YoY from just $698,000 in Q3 2014. Additionally, the NZX’s soft commodities business also notched strong revenues, which came in at $353,000 in Q3 2015, up 163.4% YoY from $134,000 in Q3 2014.
In terms of the NZX’s overall revenues of $18.6 million in Q3 2015, roughly $1.6 million was attributable to the acquisition of SuperLife, which itself saw a growth of 19.8% across its Funds Under Management (FUM).
Another notable area of growth was across the NZX’s Capital markets – indeed, Capital markets revenue was up 9.9% YoY to $10.4 million from $9.5 million in Q3 2014. Not every segment of its business reported such robust results however, with its market operations incurring the worst quarterly performance. Q3 2015 saw a revenue of just $2.6 million, down -19.2% YoY from $3.2 million in Q3 2014.