Australian financial market exchanges ASX Group released its March volumes. The company reported total capital raised of $4.2 billion, a 22% decrease on the previous corresponding period (pcp).
Cash Markets
During March, the average daily number of trades reached 96% growth compared to the pcp. The average daily value traded on-market of $10.5 billion rose by 111% on the pcp. Market volatility was up by 4.1%, while it was 0.3% in the pcp. The expected future volatility was average of 36.6 (12.1 in the pcp)
Futures
The average daily futures volumes increased by 6% and the average daily options volume dropped 49% on the pcp. Total average daily futures and options on futures volumes rose 6% on the pcp.
OTC Markets
The notional value of OTC interest rate derivative contracts centrally cleared reached $1,300.1 billion, a over 23% increase compared to $1,051.6 billion in the pcp.
Equity Options
Single stock options average daily contracts traded rose by 10% and index options average daily contracts by 44% on the pcp.
Exchange-Traded Markets
Participant margin balances held on balance sheet at month-end amounted to $14.3 billion, over 44% growth YoY, compared to $9.9 billion the previous year.
Settlement
The value of securities held in CHESS dropped 13% than the pcp. The number of dominant settlement messages in March 2020 rose 81% than the pcp. The value of securities held in Austraclear rose 4%.
Participants
Canaccord Genuity (Australia) Limited left as an ASX Market Participant.
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