Ann: QUARTER: NZX: NZX Q3 Shareholder Metrics

• Release Date: 26/10/12 11:30
• Summary: QUARTER: NZX: NZX Q3 Shareholder Metrics
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NZX
26/10/2012 09:30
QUARTER

REL: 0930 HRS NZX Limited

QUARTER: NZX: NZX Q3 Shareholder Metrics

NZX Q3 2012 Results - steady growth and ongoing investment

26 October 2012 - The NZX Group Q3 2012 revenue release shows moderate
revenue growth at 1% above the previous corresponding period (PCP).

Expenses are tracking in line with the outlook provided at the 2012 Half Year
Result.
?Healthy gains in the Infrastructure businesses were offset in part by
subdued activity in the Markets businesses.

"Q3 has seen a lot of work behind the scenes in preparation for Fonterra's
Trading Amongst Farmers, the new X-stream trading system and online offerings
to meet growing demand in the Agri business.  All these initiatives are set
to go live during Q4," said NZX CEO Tim Bennett.

"In addition, work has commenced on new initiatives to build on New Zealand's
leading position in the dairy commodities space," said Bennett.

"Whilst revenue growth has tapered off slightly during this period, we have
continued to invest in technology and people to strengthen NZX's position in
our core markets businesses and to drive future growth," said Bennett.

Specific business areas

Information

Securities Information - Primary and Other Data Distributor numbers have
remained relatively stable over PCP despite international markets volatility.
 The ongoing strength of the New Zealand dollar versus the US dollar - the
transactional currency for this market - continues to influence revenue
levels.

Agri Information - Gains made earlier in the year have been sustained
throughout a traditionally soft seasonal period. Further gains are expected
in Q4 contributing to a strong annual revenue growth.

Markets

Listings - Activity remained subdued throughout the quarter.  IPO
expectations indicate a lift in listings in Q4 and into 2013.

Securities Trading - Significant growth in trading volumes in the latter part
of 2011 has been sustained in 2012, with an overall YTD revenue lift of 20.7%
over 2011.  Contributors were a 4.1% increase in trade volumes and a 3.3%
lift in trade values.

Dairy Futures trading showed sustained improvement over PCP, and work has
commenced on new initiatives to build on the success to date.

Commodities Trading - Grain trading was softer than PCP due to lower volumes
of grain being carried in to the new season.  YTD revenue improvement was
72.3%, and momentum is expected to build as the harvest season commences
toward Year End.

Infrastructure

Securities Clearing - This business line continues to perform well, with
stock lending continuing to show strong growth.  A total of $554.2 million
was lent during Q3, a 90% increase on PCP.

Market Operations - Contracted services continue to provide stable revenues
in this business line. Work continued on the Fonterra Shareholder Market
that is expected to be launched in Q4.

ENDS

Attachments:

NZX Q3 Shareholder Metrics
End CA:00228902 For:NZX    Type:QUARTER    Time:2012-10-26 09:30:12