19. August 2010 11:17
ASX Limited released its results for the last financial year this morning. Based on its pro-forma income statement, its underlying net profit after tax (excluding significant items) was $332.6 million. This is an increase of 6.1% on the 2009 financial year.
Operational and strategic highlights include:
- near 100% availability levels of ASX's trade execution, clearing and settlement infrastructure, and smooth functioning of ASX's market operations and risk management activities, despite volatile market conditions in May and June of this year;
- upgraded trade execution platforms for both the equities (ASX Trade) and futures (ASX Trade 24) markets were announced in February 2010 - offering high capacity and low latency performance, it is anticipated that the platforms will be implemented late this calendar year; and
- a new transaction fee and rebate schedule (announced June 2010), including a dramatic reduction in the headline equity market trade execution fee (to 0.15 basis points from 0.28), lowering the direct cost of trading for ASX participants.
Complete full-year result materials are available on the ASX Media Centre page.
LexisNexis is the authorised publisher of the ASX.