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$100 trillion and rising

by Hilary Kincaid 30. September 2010 10:51

The Australian Financial Markets Association has released the 2010 Australian Financial Markets Report (in conjunction with Austrade and the ASX). The report shows that Australia’s annual turnover of over-the-counter and exchanged-traded markets has exceeded A$100 trillion.

The figures measure Australia’s debt, equities, foreign exchange and derivatives markets.

Highlights include:

  • trading in Renewable Energy Certificates jumped to a new level rising by 154% in 2009/2010, as intermediaries grew in importance and market depth improved markedly;
  • turnover in government debt securities increased by 17/1% (largely due to more bonds being issued by the Commonwealth government); but
  • turnover in short-dated debt instruments, predominantly banks bills and CDs, fell by 25.8%, as banks positioned themselves for implementation of the Basel Committee’s liquidity reforms.

 

AFMA is the industry association for Australia's wholesale banking and financial markets.

 

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