ASX

ASX reported its half-yearly result yesterday, its first under new chief executive Elmer Funke Kupper (formerly of Tabcorp). As we’ve seen in previous periods—see 18 Aug 11 (Hold – $29.41)—the contribution of the derivatives business has been growing at the expense of other divisions. Derivatives revenue grew 17% in the first half, mainly due to a strong first quarter. You might remember the sharemarket lurched downwards in that period; derivatives volumes tend to jump during periods of market volatility. But listings revenues fell 15% over the half as the number of floats and capital raisings dried up. Elsewhere, it’s...

ASX reported its half-yearly result yesterday, its first under new chief executive Elmer Funke Kupper (formerly of Tabcorp). As we’ve seen in previous periods—see 18 Aug 11 (Hold – $29.41)—the contribution of the derivatives business has been growing at the expense of other divisions.

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