ASX talks opportunities despite derivatives slide
28 Aug 2008
The chief executive of the Australian Securities Exch-ange has acknowledged that wider credit market conditions have started to bite in the exchange’s derivatives business. However, he also reaffirmed plans to boost business through a new derivatives trading platform and possible collaborations with international exchanges.
After reporting a small increase in annual trading volume in its August 14 results — up 2.7% year-on-year — ASX’s futures volume declined 18% in the first two weeks of August to a daily average of 272,642 while equity options suffered even more, with daily volume falling by 33% to 2.2m....
The rest of this article is for subscribers only. Would you like to take a free trial?
- Unlimited access
- Data & graph exports
- Daily data brief
- Weekly newsletter
- News & Analysis access
- Extensive data searches
- Access to archive
- Weekly newsletter