NZX Reports Q3 2015 Metrics, Revenues Notch Steadfast YoY Growth

The New Zealand Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (NZX) has reported its financial metrics for Q3 2015, which were highlighted by standout performances across a number of key areas of its business, according to an NZX statement.

Back in August, the NZX released its financial results for H1 2015 – during this period, the NZX revealed higher revenues that came in at $3.2 million, up a staunch 10.4% YoY from H1 2014, which had been due in large part to the Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term of SuperLife Limited. This move helped pave the way for an augmentation of Exchange-Traded Funds (ETF) offered as a component of NZX’s business.

During Q3 2015, NZX’s Q3 revenue yielded a revenue growth of 12.9% YoY to $18.6 million from just $16.5 million in Q3 2014. One of the primary factors for this rise was the expansion of NZX’s fund management business in conjunction with its strong trading activity during the quarter.

The best performing area of the NZX during Q3 however was its funds management business. The exchange’s funds management was responsible for revenues of $2.44 million in Q3 2015, up a steadfast 249.3% YoY from just $698,000 in Q3 2014. Additionally, the NZX’s soft commodities business also notched strong revenues, which came in at $353,000 in Q3 2015, up 163.4% YoY from $134,000 in Q3 2014.

In terms of the NZX’s overall revenues of $18.6 million in Q3 2015, roughly $1.6 million was attributable to the acquisition of SuperLife, which itself saw a growth of 19.8% across its Funds Under Management (FUM).

Another notable area of growth was across the NZX’s Capital markets – indeed, Capital markets revenue was up 9.9% YoY to $10.4 million from $9.5 million in Q3 2014. Not every segment of its business reported such robust results however, with its market operations incurring the worst quarterly performance. Q3 2015 saw a revenue of just $2.6 million, down -19.2% YoY from $3.2 million in Q3 2014.