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.
KVB PRIME Strikes UK with Influential Finance Summit SponsorshipGo to article >>
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.