Revenue for the three months was $50.7 million, compared to $47.9 million for the corresponding period in 2000. This revenue growth was driven by a moderate increase in daily average equities trades to 54,445 for the three months compared to 53,583 for the same period last year.
Although ASX has experienced a short-term increase in trading following the September 11 terrorist attacks in the US, the full year results will be largely dependent on the level of trading activity over the remaining nine months to 30 June 2002.
The average fee per equities trade for the three months was $5.43, reflective of a higher average trade size. There were 24 new listings during the three months compared to 51 for the previous corresponding three months.
Daily average option contracts were 55,372 compared to 36,872 for the previous corresponding three months, an increase of 50%. The number of new warrants issued during the three months increased to 527 from 171, and the total number of warrants series listed at 30 September 2001 was 1,078 compared to 581 at 30 September 2000. The number of warrants trades also increased to 1,909 per day, compared to 712 for the corresponding three months.
Expenses for this quarter include short-term costs associated with our intensive phase of development and implementation of a number of strategic initiatives. These initiatives, which will generate future earnings, are aimed at:
- enhancing core business capacity, access and liquidity;
- broadening the number of markets conducted or supported;
- increasing the number of marketplace services provided; and
- increasing international reach.
- ASX Perpetual Registrars Limited successfully migrated share registers of 24 companies to the new registry system, designed and built by ASX. Further registers will come on stream during the next three months.
- State Street Global Advisers listed two Exchange Traded Funds (ETFs); streetTRACKS S&P/ASX50 and streetTRACKS S&P/ASX200. This listing follows ASX's development of a supportive listing framework, and trading, clearing and settlement platform for the internationally popular ETFs.
- ASX announced its intention to develop a managed funds transaction processing service. The service is designed to enable the electronic processing of transactions in unlisted products, which make up the vast majority of the managed funds product range.
- ASX has received regulatory confirmation of its licence to trade, settle and clear futures. We are currently progressing the admission of participants.
