NZX Full Year 2019 Shareholder & Qrtly Regulation Metrics

NZX Limited - Full Year Shareholder Metrics
FY 2019
These shareholder metrics represent the key operations of NZX's business.
Markets
NZX Listed Issuers31/12/2019Change YoYCapital RaisingFY 2019Change YoY
Total equity securities131-4.4%Total capital raisings$18,666 m95.7%
Total fund securities4521.6%
Total debt securities1384.5%New Capital Listed
Total wholesale debt securities5-Total capital listed by all issuers$7,158 m46.2%
Total other securities4-33.3%
Total listed securities3233.5%Equity listings$630 m3072.8%
Fund listings$39 m3549.9%
Total NZX Main Board equity issuers1297.5%Debt listings$5,019 m2.9%
Total NZX Main Board fund issuers4521.6%Wholesale debt listings$1,470 m-
Total NZX Debt Market retail debt issuers512.0%
Total NZX Debt Market wholesale debt issuers2-Secondary Capital Raisings
Total other issuers3-40.0%Total capital raised by all issuers$11,508 m147.9%
Total unique issuers2001.0%
Total equity raised - NZ issuers$2,504 m65.9%
Total equity raised - foreign issuer$5,399 m316.1%
Market Capitalisation31/12/2019Change YoY% of GDP
Total funds raised - NZ issuers$746 m-10.0%
Total market capitalisation$202,003 m23.2%67.1%Total funds raised - foreign issuer$520 m104.6%
Total debt raised$1,254 m-13.4%
All equity$161,492 m24.7%53.7%Total wholesale debt raised$1,085 m-
All funds$4,966 m32.2%1.6%
All other$5 m-9.3%0.0%Total number of capital raising events2,18466.8%
Total equity$166,463 m24.9%55.3%Equity issuers - capital raised < $10m3788.3%
Equity issuers - capital raised ≥ $10m < $100m3663.6%
Debt$32,171 m6.7%10.7%Equity issuers - capital raised ≥ $100m14366.7%
Green bonds$900 m33.9%0.3%Fund issuers - capital raised1,72690.9%
Wholesale debt$2,469 m-0.8%Debt issuer events - capital raised27-12.9%
Total NZDX$35,540 m15.3%11.8%Wholesale debt issuer events - capital raised3-
Cash MarketFY 2019Change YoYDerivativesFY 2019Change YoY
Total value traded$37,846 m-1.0%Futures - total lots traded294,3919.6%
Daily average value traded$151 m-1.0%Options - total lots traded64,537-16.3%
On-market value traded$20,535 m4.2%Total derivatives lots traded358,9283.8%
% of value on-market54.3%5.3%Open interest at period end43,495-38.4%
Total trades4,863,77649.7%Notional value traded ($USD)$1,502 m17.5%
Daily average trades19,37849.7%Options to futures ratio21.9%-23.7%
Block trade %1.3%-79.1%
Total Equity Transactions
Total trades4,833,09650.2%
Derivatives Total Lots Traded 2017 / 2018 / 2019
Value traded $36,539 m-0.7%
% of value on-market55.3%6.2%
Average on-market trade size$4,459-26.3%
Total Debt Transactions
Total trades30,680-5.9%
Value traded $1,319 m-8.3%

NZX Indices Performance31/12/2019Change YoYClearing House / DepositoryFY 2019Change YoY
S&P/NZX 50 Index (Gross)11,49230.4%Gross value of cleared trades$37,999 m-1.5%
S&P/NZX 50 Index (Capital)4,92526.0%Collateral held at period end$45 m64.1%
S&P/NZX 50 Portfolio Index7,10829.3%Depository transactions43,46656.2%
S&P/NZX Primary Sector Index16,76610.4%Assets under custody in depository at period end$3,473 m382.6%
S&P/NZX NZ Fixed Interest Composite Index1224.9%Value of stock lent$4,726 m6.6%
S&P/NZX A-Grade Bond Index5,6645.2%
Wholesale Data31/12/2019Change YoYDairy Data Subscriptions31/12/2019Change YoY
Proprietary security subscription products310-0.6%Dairy data subscriptions*504-8.5%
- products ≥ $3,000 p.a1091.9% - products ≥ $1,500 p.a. *117-12.7%
- products < $3,000 p.a.201-2.0% - products < $1,500 p.a. *387-7.2%
* Proprietary security subscription products have been restated (including
comparatives) to exclude subscriptions relating to the FundSource business which
was sold during June 2019 and to consolidate multi-user licences to reflect the parent
subscription only.
* Dairy Data Subscriptions have been restated (including comparatives) to consolidate
multi-user licences to reflect the parent subscription only.
Wholesale Data31/12/2019Change YoYEnergy Contracts31/12/2019Change YoY
Terminal numbers - professional*5,990-1.3%Operating / Technology contracts176.3%
Terminal numbers - retail*1,45410.7%- contracts ≥ $500k p.a.40.0%
Licences - value ≥ $20k pa4322.9%- contracts < $500k p.a.138.3%
Licences - value < $20k pa8014.3%
* 3 month average
Fund Management
Total external funds under management$3,969 m36.0%
SuperLife31/12/2019Change YoY
Funds under management - KiwiSaver$1,023 m29.2%
Funds under management - other$1,613 m24.6%
Total$2,636 m26.3%
Smartshares31/12/2019Change YoY
Funds under management - external$1,333 m60.1%
Funds under management - SuperLife funds$2,134 m28.5%
Total$3,467 m39.0%
Units on issue1,249 m22.8%
NZX Wealth Technologies
31/12/2019Change YoY
Funds under administration $2,297 m15.6%
Notes
1. All figures are measured at the end of the last trading day of each month unless otherwise stated.
Change refers to the change since the same period last year unless otherwise stated.

2. Equity market capitalisation includes all securities quoted on the NZX Main Board (NZSX).
With an overseas domiciled Issuer, the market capitalisation represents the amount that is held in New Zealand.

3. Market capitalisation for the NZX Debt Market is the total nominal (face) value of all listed securities, excluding New Zealand Government stock.

4. Funds include exchange traded funds, managed funds, listed investment companies and trusts.

5. "Other" securities include options, warrants and options quoted on the NZX Main Board (NZSX).

6. Please note these operational statistics are based on NZX’s internal records, which are unaudited.
Differences may arise between this data and that disclosed in subsequent audited financial statements.
Differences may also arise between this data and the previously reported data due to rounding and classification restatements.

To enquire about information listed on this sheet, or to find out more about NZX products or services, please email: data@nzx.com

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NZX Limited – Quarterly Regulation Metrics
Q4 2019
These Regulation Metrics represent the key features of NZX’s activities in regulating its Markets. The metrics focus
on key activities so as to provide transparency and a means of comparison across periods
.

ISSUERS – KEY METRICS

Q4 2018 Q4 2019
Total announcements released 4296 4666
Trading halts at request of Issuer or NZXR¹ 9 25
Documents approved and waivers² granted to Issuers 58 19
Complaints received concerning Issuers 2 0
Price enquiries concerning Issuers 0 4
Investigations³ begun in relation to Issuers 24 88
Investigations ongoing at the end of the quarter/period in relation to Issuers 12 4

PARTICIPANTS – KEY METRICS

Waivers², Exemptions and Rulings granted to Participants 2 5
Inspections commenced
5 4
Complaints received concerning Participants 1 0
Investigations³ begun in relation to Participants 11 16
Investigations ongoing at the end of the quarter/period in relation to Participants 7 5

NZX RULES AND POLICY

The Capital Markets 2029 working group has released its report ‘Growing New Zealand’s Capital Markets 2029’,
which is available here. The report contains 42 recommendations that form a vision and growth agenda to promote
stronger capital markets for all New Zealanders. NZX will carefully consider these independent recommendations,
with a view to delivering on the recommendations, alongside Government and industry. NZX will be reporting on
the progress made by all parties against the recommendations in March 2021.

The amendments to the Listing Rules that introduce a timetable requirement for Dividend Reinvestment Plans
became effective on 1 January 2020. The amendments are available here
.

NZX Policy is currently considering submissions received in response to consultation on the introduction of the
Mid-Point Order Book, an anonymous unlit order book, which NZX intends to make available in 2020, alongside
the Trading System upgrade.

NZX Policy will conduct a ‘Hygiene Review’ of the Listing Rules in early 2020. The objective of this review is to
resolve minor and technical issues that were an unintended consequence of the holistic Listing Rule review. We
welcome you to submit any proposed improvements or comments on the revised Listing Rules to us at
policy@nzx.com.

NOTES
The metrics are derived from NZX’s internal records.
1. Trading halts imposed routinely, for example on release of price-sensitive information or in the context of
corporate actions are excluded.
2. Details of waivers granted by NZX are released to the Market, and available on https://nzx.com/ and through i-
Search except where the decisions are confidential.
3. NZX will commence an investigation when it identifies a possible breach of rules.
To enquire about any information on this sheet, please email regulation@nzx.com