ASX: Result 2016

A fourth-quarter surge in futures volumes and large capital raisings from the big banks have helped ASX to an impressive result.

It made sense for former chief executive Elmer Funke Kupper to talk up ASX’s investment in distributed ledger (aka Blockchain) technology at the interim results back in February, ahead of the Council of Financial Regulators’ decision on clearing competition. With that decision having been made, it also makes sense for new chief executive Dominic Stevens to be watering down the wilder expectations of what it might mean.

Strong performances across the business

Language around blockchain watered down

Growth to slow in 2017 due to lower interest income

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