Trading by retail investors on the NZX’s secondary market was around $2.1 billion for March and April.
The New Zealand Exchange (NZX) has published its financial results for the first half of 2020, revealing an uptick in operating earnings, profit after tax and trading activity during the period.
With the coronavirus pandemic creating heightened market Volatility, the Exchange reported record trading activity, both in terms of retail investor participation and on-market trades.
According to the Chief Executive Officer (CEO) of NZX, Mark Peterson, the popularity of online retail trading platforms is burgeoning and the COVID-19 pandemic has resulted in retail participation in the country’s sharemarket at levels never seen before.
In particular, trading by retail investors on the NZX’s secondary market was around $2.1 billion for March and April. This represents a growth of 135 per cent year on year. Furthermore, the number of trades was up by 361 per cent year on year or 1,264 per cent over the past five years.
NZX saw the daily number of trades average 48,000 during the first six months of 2020. By early June, the number of trades achieved during the year exceeded the total trades executed across the whole of 2019.
Value traded on NZX’s markets was also markedly stronger, increasing by 52.3 per cent to nearly $28 billion. According to the statement released by the exchange, effectively this is three months ahead of 2019’s performance.
On-market trading also continued its positive trend, averaging 62.4 per cent across H1 of 2020. This is greater than the 54.3 per cent average in 2019 and performed much better than the 33 per cent average, back in 2015.
Profit Soars by 40.9% YoY for NZX
Aside from trading, NZX revealed in its report published today that operating earnings increased by 21.5 per cent to reach $17.6 million. Net profit after tax came in at $9.1 million, which is higher by 40.9 per cent year on year.
Commenting on the results, Peterson said in the statement: “While we have had to adjust to a very different business and working environment and reassess priorities as a result of COVID-19, our focus has been on meeting increased demand through a time of need from our customers, and this shows through in the lifts achieved in revenue and operating performance.”
The New Zealand Exchange (NZX) has published its financial results for the first half of 2020, revealing an uptick in operating earnings, profit after tax and trading activity during the period.
With the coronavirus pandemic creating heightened market Volatility, the Exchange reported record trading activity, both in terms of retail investor participation and on-market trades.
According to the Chief Executive Officer (CEO) of NZX, Mark Peterson, the popularity of online retail trading platforms is burgeoning and the COVID-19 pandemic has resulted in retail participation in the country’s sharemarket at levels never seen before.
In particular, trading by retail investors on the NZX’s secondary market was around $2.1 billion for March and April. This represents a growth of 135 per cent year on year. Furthermore, the number of trades was up by 361 per cent year on year or 1,264 per cent over the past five years.
NZX saw the daily number of trades average 48,000 during the first six months of 2020. By early June, the number of trades achieved during the year exceeded the total trades executed across the whole of 2019.
Value traded on NZX’s markets was also markedly stronger, increasing by 52.3 per cent to nearly $28 billion. According to the statement released by the exchange, effectively this is three months ahead of 2019’s performance.
On-market trading also continued its positive trend, averaging 62.4 per cent across H1 of 2020. This is greater than the 54.3 per cent average in 2019 and performed much better than the 33 per cent average, back in 2015.
Profit Soars by 40.9% YoY for NZX
Aside from trading, NZX revealed in its report published today that operating earnings increased by 21.5 per cent to reach $17.6 million. Net profit after tax came in at $9.1 million, which is higher by 40.9 per cent year on year.
Commenting on the results, Peterson said in the statement: “While we have had to adjust to a very different business and working environment and reassess priorities as a result of COVID-19, our focus has been on meeting increased demand through a time of need from our customers, and this shows through in the lifts achieved in revenue and operating performance.”
FX Volatility Impacts Q1 Revenue of Compagnie Financière Tradition
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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