NZX Half Year 2020 Shareholder & Qrtly Regulation Metrics

NZX Limited - Half Year Shareholder Metrics
HY 2020
These shareholder metrics represent the key operations of NZX's business.
Core Markets
NZX Listed Issuers30.06.20Change YoYCapital RaisingHY 2020Change YoY
Total equity securities129-2.3%Total capital raisings$8,192 m6.5%
Total fund securities450.0%
Total retail debt securities1340.0%New Capital Listed
Total wholesale debt securities740.0%Total capital listed by all issuers$2,300 m-43.2%
Total other securities4-20.0%
Total listed securities319-0.6%Equity listings--100.0%
Fund listings--100.0%
Retail debt listings$1,500 m-40.7%
Total NZX Main Board equity issuers1271.6%Wholesale debt listings$800 m-45.6%
Total NZX Main Board fund issuers450.0%
Total NZX Debt Market retail debt issuers49-2.0%Secondary Capital Raisings
Total NZX Debt Market wholesale debt issuers20.0%Total capital raised by all issuers$5,892 m61.6%
Total other issuers40.0%
Total unique issuers198-2.0%Total equity raised - NZ issuers$3,141 m133.6%
Total equity raised - dual or foreign issuer$1 m-99.9%
Total funds raised - NZ issuers$627 m132.2%
Market Capitalisation30.06.20Change YoY% of GDP
Total funds raised - dual or foreign issuer$358 m46.1%
Total market capitalisation$200,191 m7.7%64.4%Total retail debt raised$1,208 m121.1%
Total wholesale debt raised$557 m-
All equity$158,509 m6.3%51.0%
All funds$4,989 m16.8%1.6%
All other$9 m-0.7%0.0%Total number of capital raising events1,47094.2%
Total NZX Main Board$163,507 m6.6%52.6%Equity issuers - capital raised < $10m1555.4%
Equity issuers - capital raised ≥ $10m < $100m2161.5%
Retail debt$32,023 m5.4%10.3%Equity issuers - capital raised ≥ $100m833.3%
Green bonds$900 m38.5%0.3%Fund issuers - capital raised1,265118.1%
Wholesale debt$3,761 m155.0%1.2%Retail debt issuers - capital raised2081.8%
Total NZX Debt Market$36,684 m12.9%11.8%Wholesale debt issuers - capital raised1
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Cash MarketHY 2020Change YoYDerivativesHY 2020Change YoY
Total value traded$27,931 m52.3%Futures - total lots traded168,3059.2%
Daily average value traded$227 m51.1%Options - total lots traded37,32111.4%
On-market value traded$17,428 m84.4%Total derivatives lots traded205,6269.6%
% of value on-market62.4%21.1%Open interest as at period end77,56316.4%
Total trades5,894,454215.8%Notional value traded ($USD)$819 m11.6%
Daily average trades47,922215.8%Options to futures ratio22.2%2.0%
Block trade %0.0%-100.0%
Total Equity Transactions
Total trades5,874,929217.3%
Derivatives Total Lots Traded 2018 / 2019 / 2020
Value traded $27,063 m52.9%
% of value on-market62.4%15.0%
Total Debt Transactions
Total trades19,52531.2%
Value traded $868 m32.8%

NZX Indices Performance30.06.20Change YoYClearing House / DepositoryHY 2020Change YoY
S&P/NZX50 Index11,4519.0%Gross value of cleared trades$27,977 m51.9%
S&P/NZX 50 Index (Capital)4,8546.0%Collateral held at period end$77 m115.6%
S&P/NZX 50 Portfolio Index6,5540.5%Depository transactions41,405264.3%
S&P/NZX Primary Sector Index16,3112.1%Assets under custody in depository at period end$3,725 m317.6%
S&P/NZX NZ Fixed Interest Composite Index1285.4%Value of stock lent$526 m-76.2%
S&P/NZX A-Grade Bond Index5,9345.8%
* Due to changes in custodian, NZX Clearing ceased offering stock lending
to Participants in March 2020. Smartshares is completing its own bilateral
lending programme.
Direct Data Products30.06.20Change YoYDairy Data Subscriptions30.06.20Change YoY
Proprietary security subscription products*3140.0%Dairy data subscriptions*467-11.0%
- products ≥ $3,000 p.a.*108-1.8% - products ≥ $1,500 p.a. *105-18.0%
- products < $3,000 p.a.*2061.0% - products < $1,500 p.a. *362-8.8%
* 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 Data30.06.20Change YoYEnergy Contracts30.06.20Change YoY
Terminal numbers - professional6,217-0.3%Operating / Technology contracts176.3%
Terminal numbers - retail2,69293.4%- contracts ≥ $500k p.a.40.0%
Licences - value ≥ $20k p.a.4310.3%- contracts < $500k p.a.138.3%
Licences - value < $20k p.a.815.2%
SuperLife30.06.20Change YoY
Funds under management - KiwiSaver$1,006 m9.3%
Funds under management - other$1,530 m4.9%
Total$2,536 m6.6%
Units on issue1,358 m23.6%
Value of stock lent over period*$1,085 m-
Wealth Technologies
30.06.20Change YoY
Funds under administration$3,080 m46.1%
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
* Due to changes in custodian, Smartshares ceased offering securities through the NZX Clearing centralised clearing book in March 2020 and is
now lending exclusively through its own stock lending programme.
Fund Management
30.06.20 Change YoY
Total external funds under management$3,945 m14.1%
Smartshares30.06.20 Change YoY
Funds under management - external$1,409 m30.8%
Funds under management - SuperLife funds$2,140 m12.0%
Total$3,548 m18.8%

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NZX Limited – Quarterly Regulation Metrics
Q2 2020
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

Q2 2019 Q2 2020
Total announcements released 3997 4474
Trading halts at request of Issuer or NZXR¹ 11 20
Documents approved and waivers² granted to Issuers 46 29
Complaints received concerning Issuers 1 2
Price enquiries concerning Issuers 4 4
Investigations³ begun in relation to Issuers 20 13
Investigations ongoing at the end of the quarter/period in relation to Issuers 6 6

PARTICIPANTS – KEY METRICS

Waivers², Exemptions and Rulings granted to Participants 2 0
Inspections commenced
9 8
Complaints received concerning Participants 2 0
Investigations³ begun in relation to Participants 9 36
Investigations ongoing at the end of the quarter/period in relation to Participants 7 27

NZX RULES AND POLICY

NZX Policy is currently consulting in respect of proposals to amend the disclosure settings for direct listings to:
• remove the requirement for prospective financial information to be included in a Profile, and
• introduce a framework for NZX Foreign Exempt Issuer applicants, to allow NZXR to prescribe the nature
and content of Profiles for such applicants, through templates designed on a jurisdictional basis.
The consultation paper in respect of these proposals is available here
. We invite you to provide your views on the
proposals raised in this paper by emailing a written submission to policy@nzx.com. The final date for submissions
is 31 July, 2020.
The proposed ‘Hygiene Review’ of the Listing Rules, will be deferred until later in 2020. We are conscious of the
current strains on many Issuers due to COVID-19, and this deferral is intended to enable Issuers to better
participate in the review. The objective of this review is to resolve minor and technical issues that were an
unintended consequence of the holistic Listing Rule review. In the interim, we welcome you to submit any
proposed improvements or comments on the revised Listing Rules to us at policy@nzx.com.

NZX Policy is currently considering submissions received in response to the consultation on the introduction of the
Mid-Point Order Book, an anonymous unlit order book, which NZX intends to make available in 2021, due to the
effects of COVID-19.

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