ASX : Monthly Activity Report - December 2016

MARKET ANNOUNCEMENT‌‌

5 January 2017

ASX GROUP MONTHLY ACTIVITY REPORT - DECEMBER 2016

The value of ASX-listed stocks, as measured by the All Ordinaries Index, rose 3.9% in December 2016. This performance was lower than some major markets, including Germany up 7.9%, the UK up 5.3%, and Japan up 4.4% but stronger than the US up 1.8%. Declines were observed in Hong Kong down 3.5% and Singapore down 0.8%.

Volatility measures for the Australian equity market decreased during December:

• Volatility (as measured by the average daily movement in the All Ordinaries Index) was 0.6% in December, down on the previous month (0.7%).

• Expected future volatility (as measured by the S&P/ASX 200 VIX) fell in December to an average of 11.9 (compared to 15.2 in November).

  LISTINGS AND CAPITAL RAISINGS

• In December 2016, total capital raised was $6.5 billion, down 25% on the previous corresponding period (pcp).‌

• In calendar year 2016, 133 new listed entities listed, compared to 126 in calendar year 2015. Total capital raised in calendar year 2016 totalled $60.9 billion, compared to $104.9 billion in calendar year 2015.

  Listings and Capital Raisings	December 2016 Month	December 2015 Month	December 2016 Financial YTD	December 2015 Financial YTD
  New listed entities admitted	17	25	86	77
  De-listings	9	8	75	59
  Total Listed entities (at end of month)	2,215	2,238
  Change on pcp	-1%
  Initial capital raised ($million)	1,026	2,562	11,080	13,477
  Change on pcp	-60%	-18%
  Secondary capital raised ($million)	5,340	5,826	23,619	35,597
  Other capital raised including scrip-for-scrip ($million)	156	263	2,137	5,501
  Total secondary capital raised ($million)	5,496	6,089	25,756	41,098
  Change on pcp	-10%	-37%
  Total capital raised including other ($million)	6,522	8,651	36,836	54,575
  Change on pcp	-25%	-33%

  TRADING - CASH MARKETS (INCLUDING EQUITIES, INTEREST RATE AND WARRANTS TRADES)

• In December 2016, the average daily number of trades was 13% higher than the pcp. The average daily value traded on-market of $4.2 billion was 11% higher than the pcp.

• In calendar year 2016, the average daily number of trades was 1,015,083 which was 24% higher than in calendar year 2015, and the average daily value traded on-market was $4.2 billion which was 3% higher.

  Cash Markets	December 2016 Month	December 2015 Month	December 2016 Financial YTD	December 2015 Financial YTD
  Total trading days (Cash market includes equity, warrant and interest rate market transactions)	20	21	129	130
  Cash market volume
  Total trades	20,100,667	18,694,940	130,984,207	110,090,882
  Change on pcp	8%	19%
  Average daily trades	1,005,033	890,235	1,015,381	846,853
  Change on pcp	13%	20%
  Cash market value
  Open trading ($billion)	56.029	57.231	371.262	390.115
  Auctions trading ($billion)	20.292	18.051	113.659	103.701
  Centre Point ($billion)	8.548	5.180	54.034	35.725
  Trade reporting* ($billion)	10.611	10.207	76.518	75.727
  Total value ($billion)	95.480	90.669	615.473	605.268
  Change on pcp	5%	2%
  Average daily value on-market ($billion)	4.243	3.831	4.178	4.073
  Change on pcp	11%	3%
  Average daily value ($billion)	4.774	4.318	4.771	4.656
  Change on pcp	11%	2%
  Average value per trade ($)	4,750	4,850	4,699	5,498
  Change on pcp	-2%	-15%
  Non-billable value (above cap) ($billion)	1.013	1.364	7.589	8.752
  Total billable value ($billion)	94.467	89.304	607.884	596.515
  *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.

  TRADING - FUTURES

  • In December 2016, average daily futures and options on futures volumes were up 22% on the pcp. Average daily futures volume was up 22% on the pcp and average daily options volume was down 18% on the pcp.

• In calendar year 2016, average daily futures and options on futures volume was 556,331 which was 10% higher than in calendar year 2015.

  Futures	December 2016 Month	December 2015 Month	December 2016 Financial YTD	December 2015 Financial YTD
  Futures and options total trading days (includes interest rate, ASX SPI 200, commodities and energy contracts)	20	21	129	130
  Futures volume
  Total contracts	13,840,765	11,888,725	68,330,699	62,521,482
  Change on pcp	16%	9%
  Average daily contracts	692,038	566,130	529,695	480,934
  Options on futures volume
  Total contracts	103,350	132,947	708,145	919,685
  Change on pcp	-22%	-23%
  Average daily contracts	5,168	6,331	5,489	7,075
  Total futures and options on futures volume
  Total contracts	13,944,115	12,021,672	69,038,844	63,441,167
  Change on pcp	16%	9%
  Average daily contracts	697,206	572,461	535,185	488,009
  Change on pcp	22%	10%

  Volume of futures trading by individual contract is available at the following link http://www.asx.com.au/data/market-reports/MonthlyFuturesMarketsReport161230.pdf

  CLEARING - OTC MARKETS

  • In December 2016, the notional value of OTC interest rate derivative contracts centrally cleared was

    $346 billion, compared to $104 billion in the pcp.

• In calendar year 2016, the notional value of OTC interest rate derivative contracts centrally cleared was $4,084.2 billion compared to $1,521.6 billion in calendar year 2015.

  OTC Markets	December 2016 Month	December 2015 Month	December 2016 Financial YTD	December 2015 Financial YTD
  Total notional cleared value* ($billion)	346.225	104.045	2,159.682	817.445
  Open notional cleared value* ($billion) (at end of month) * Cleared notional value is double sided	1,916.342

  TRADING - EQUITY OPTIONS

  • In December 2016, the average daily number of exchange-traded options increased 21% on the pcp. Single stock options average daily contracts traded were up 26% on the pcp and index options average daily contracts traded were down 12% on the pcp.

• In calendar year 2016, the average daily number of exchange-traded options was 403,316 which was 4% lower than in calendar year 2015.

Equity Options	December 2016 Month	December 2015 Month	December 2016 Financial YTD	December 2015 Financial YTD
Exchange-traded options total trading days (includes single stock equity options and index options)	20	21	129	130
Single stock equity options volume
Total contracts	8,706,994	7,229,768	45,240,859	44,050,123
Change on pcp	20%	3%
Average daily contracts	435,350	344,275	350,704	338,847
Index options volume
Total contracts	883,216	1,058,211	5,579,948	6,201,309
Change on pcp	-17%	-10%
Average daily contracts	44,161	50,391	43,255	47,702
Total options volume
Total contracts	9,590,210	8,287,979	50,820,807	50,251,432
Change on pcp	16%	1%
Average daily contracts	479,511	394,666	393,960	386,549
Change on pcp	21%	2%