Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
ASX operates at the heart of Australia's financial markets. It is among the world's top 10 exchange groups and is the global leader in A$ and NZ$ financial markets.
More information about ASX can be found at www.asx.com.au
We are a fully integrated exchange across multiple asset classes –
equities, fixed income, commodities and energy.
We service retail, institutional and corporate customers directly and through Australian and international intermediaries.
We provide services that allow our customers to invest, trade and manage risk. These include listings, trading cash and derivatives, post-trade services, and information and technical services.
We operate and invest in the infrastructure that promotes the stability and development of Australia's financial markets and is critical for the efficient functioning of the nation's economy and position in the Asia Pacific region.
We advocate for regulations that support end-investors, promote the growth and integrity of the market, and strengthen Australia's global competitiveness.
•Revenue up $45.6 million
•Growth in all business lines underpinned by higher trading activity and robust capital raisings
•Expenses up $10.5 million
•EBITDA up $35.1 million, increase of 6.5%, NPAT and DPS up 5.7%
Continued strategic technology investment
•Futures trading platform, risk management and post-trade development in FY17
•Distributed ledger technology for cash market clearing and settlement
•Investment in Digital Asset Holdings
•Opportunity for post-trade innovation
•Capital expenditure $50.2million
Mr Rick Holliday-Smith, ASX Chairman, said: "ASX delivered strong financial results in FY16, with growth in all key business areas, supported by higher market activity. This was driven by a rise in secondary capital raisings within the financial sector and increased trading activity due to heightened volatility, particularly in the second half of the year, culminating in the surprise of Brexit. Revenue was up 6.5% to $746.3 million and profit after tax rose 5.7% to $426.2 million.
"ASX continued to invest in the infrastructure critical to Australia's financial markets throughout the period. This included successfully introducing T+2 settlement, significant progress on the delivery of a new futures trading platform, and the assessment of distributed ledger technology or 'blockchain' as a potential post-trade solution for the equity market. These initiatives aim to improve market efficiency and reduce risk and complexity for investors, intermediaries and other market stakeholders. They help keep Australia at the forefront globally of innovative market developments.
"On 1 August 2016 ASX welcomed Dominic Stevens as the company's new Managing Director and CEO. He is an experienced and highly-regarded industry leader, ideally qualified to build on ASX's achievements. Having been a past CEO and served on the ASX Board, Dominic has a good understanding of the challenges and opportunities ahead of ASX, as well as the complex global regulatory environment in which we operate."
ASX Limited (ASX or the Company) will hold its Annual General Meeting (AGM) at 10.00am (AEST) on Wednesday 28 September 2016 at the
ASX Auditorium, lower ground floor, Exchange Square, 18 Bridge Street, Sydney, New South Wales for the purpose of transacting the business
set out in this Notice.