ASX downgraded to Hold

Recent market volatility has helped volumes at ASX Ltd.

The recent volatility in financial markets doesn’t seem to have hurt ASX Ltd. The average value of shares traded on the sharemarket was up 5% in June, compared to last year, and 8% in 2016 financial year. Derivative volumes were up 17% in June and 8% for the year. There’s also good news for the ASX’s new business clearing over-the-counter (‘OTC’) derivatives, which handled $645bn in the year, compared to $102m in 2015.

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