Ann: QUARTER: NZX: NZX Q3 2013 Revenues and Opera

• Release Date: 29/10/13 10:31
• Summary: QUARTER: NZX: NZX Q3 2013 Revenues and Operating Metrics
• Price Sensitive: No
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					NZX
29/10/2013 08:30
QUARTER

REL: 0830 HRS NZX Limited

QUARTER: NZX: NZX Q3 2013 Revenues and Operating Metrics

Buoyed by the continuing strength of New Zealand's capital markets, NZX
recorded another quarter of solid growth in Q3 2013. Total revenue for Q3
2013 increased 11.5% compared to the prior comparable period in 2012, with
the markets and infrastructure businesses up 26.9% and 9.9% respectively.

Capital markets activity continued to grow during the quarter. Initial Public
Offering activity included the listings of Synlait Milk and Wynyard Group,
both in July, and Z Energy in August. This activity contributed to a 35.8%
increase in listings revenue.

Equity trading activity also continued to grow during the quarter with
trading volumes and values up 38.6% and 21.3% respectively. This drove solid
growth in NZX's trading and clearing revenues, which were up 33.3% and 19.7%
respectively.

Partially offsetting the positive markets business performance were the
Information businesses, where revenues were down 2.4% compared to the
previous period. Agricultural information revenues have still not fully
recovered from the pullback in rural spending that resulted from the severe
drought conditions in New Zealand earlier in the year. Securities information
revenues during the period were impacted by the ongoing consolidation in
financial services businesses globally, though terminal numbers did stabilise
in Q3 2013 after a period of decline.

Q3 is traditionally the quietest period of the year for grain trading as it
precedes the new harvest, and 2013 conformed to this pattern.  However,
tonnes traded on Clear Grain Exchange were up 12.9% in Q3 2013 compared to Q3
2012, resulting in a 6.0% uplift in revenue.

NZX CEO Tim Bennett commented: "NZX's third quarter revenues reflect the
excellent health of the domestic equity markets, which has a positive flow-on
effect on our business.

"Looking ahead over the next year, the IPO pipeline remains promising and we
are working hard to support a number of companies aiming to achieve their
goals in this regard. Provided market conditions remain positive, this bodes
well for NZX and New Zealand's equity markets more broadly."

Other developments

Following a targeted review of practice in exchanges internationally relating
to conflict management, the NZX Board has established a Regulatory Governance
Committee to assist the Board in fulfilling its governance responsibilities
relating to NZX's regulatory function. A copy of the Terms of Reference of
the Committee can be found at: http://www.nzxgroup.com/corporate-governance

On 30 September 2013, NZX announced that following a competitive tender
process, it was advised by the Gas Industry Company that it has not been
reappointed to the Gas Allocation Agent role.

For more information please contact:

Investors
Bevan Miller
Chief Financial Officer
P: 04 498 2771
E: [email protected]

Media
Kate McLaughlin
Corporate Communications
M: 027 533 4529
E: [email protected]
End CA:00242906 For:NZX    Type:QUARTER    Time:2013-10-29 08:31:48