NZX Revenue & Shareholder Metrics | NZ RegCo Metrics

NZX Listed Issuers30.06.23 Change YoY Capital RaisingHY 2023 Change YoY
Total equity securities130-2.3%Total capital raisings$7,156 m-23.7%
Total fund securities538.2%
Total retail debt securities1482.1%New Capital Listed
Total wholesale debt securities8-11.1%Total capital listed by all issuers$3,653 m-13.6%
Total other securities2-33.3%
Total listed securities3410.6%Equity listings- -100.0%
Fund listings$53 m657.1%
Retail debt Listings$3,600 m7.1%
Total NZX Main Board equity issuers129-2.3%Wholesale debt listings- -100.0%
Total NZX Main Board fund issuers538.2%
Total NZX Debt Market retail debt issuers492.1%Secondary Capital Raisings
Total NZX Debt Market wholesale debt issuers2- Total capital raised by all issuers$3,503 m-31.9%
Total other issuers2-33.3%
Total unique issuers209- Total equity raised - NZ issuers$2,039 m-2.7%
Total equity raised - dual or foreign issuer$0 m-99.3%
Total funds raised - NZ issuers$457 m-17.8%
Market Capitalisation30.06.23 Change YoY % of GDPTotal funds raised - dual or foreign issuer$377 m11.1%
Total market capitalisation$221,210 m2.3%57.1%Total retail debt raised$629 m-63.8%
Total wholesale debt raised- -100.0%
All equity$159,801 m-0.8%41.3%
All funds$7,961 m11.0%2.1%
All other$1 m-69.5%0.0%Total number of secondary capital raising events877-24.4%
Total NZX Main Board$167,763 m-0.3%43.3%Equity issuers - capital raised < $10m119-
Equity issuers - capital raised ≥ $10m < $100m9-25.0%
Retail debt$39,569 m14.1%10.2%Equity issuers - capital raised ≥ $100m3-25.0%
Green bonds$6,135 m9.4%1.6%Fund issuers - capital raised733-27.2%
Wholesale debt$7,743 m0.5%2.0%Retail debt issuers - capital raised13-23.5%
Total NZX Debt Market$53,447 m11.3%13.8%Wholesale debt issuers - capital raised- -100.0%
Cash MarketHY 2023 Change YoY Clearing House / DepositoryHY 2023 Change YoY
Total value traded$18,031 m-13.4%Gross value of cleared trades over period$18,062 m-13.3%
Auction Value Traded$4,910 m-6.1%Assets under custody in depository$6,705 m17.6%
On-market value traded$11,270 m-17.8%Depository Uplifts51,700-2.7%
% of value on-market62.5%-5.1%Settlement Lines113,845-0.6%
Total trades4,915,773 -30.5%OTC Trades39,922-0.9%
Daily average value traded$147 m-14.1%
Daily average trades39,966 -31.1%
DerivativesHY 2023 Change YoY
Futures - total lots traded244,27030.2%
Options - total lots traded15,81039.7%
Total Equity TransactionsTotal derivatives lots traded260,08030.7%
Total trades4,885,062 -30.7%Open interest as at period end89,501-13.9%
Value traded $16,867 m-15.2% Notional value traded ($USD)$1,784 m7.0%
% of value on-market64.7%-4.3% Options to futures ratio6.5%7.3%
Average on-market trade size$2,24217.9% Negotiated Large Trade (NLT) %*46.5%13.2%
*Following SGX-NZX partnership, block trades are now represented by SGX Negotiated Large Trades
Total Debt TransactionsEnergy Contracts30.06.23 Change YoY
Total trades30,711 20.1%Operating / Technology contracts16-11.1%
Value traded $1,164 m26.3%- contracts ≥ $500k p.a.4-20.0%
- contracts < $500k p.a.12-7.7%
NZX Limited - Half Year Shareholder Metrics
HY 2023
These shareholder metrics represent the key operations of NZX's business.
Core Markets

NZX Indices Performance30.06.23 Change YoY Wholesale Data30.06.23 Change YoY
S&P/NZX50 Index11,9169.6%Terminal numbers - professional6,7850.8%
S&P/NZX 50 Index (Capital)4,6656.4%Terminal numbers - retail1,395-16.9%
S&P/NZX 50 Portfolio Index7,5657.8%Licences - value ≥ $20k p.a.678.1%
S&P/NZX NZ Fixed Interest Composite Index1150.5%Licences - value < $20k p.a.826.5%
S&P/NZX A-Grade Bond Index5,5722.0%
Direct Data Products30.06.23 Change YoY Dairy Data Subscriptions30.06.23 Change YoY
Proprietary security subscription products304-1.0%Dairy data subscriptions440-1.6%
- products ≥ $3,000 p.a.104-2.8% - products ≥ $1,500 p.a.12014.3%
- products < $3,000 p.a.2000.0% - products < $1,500 p.a.320-6.4%
Smartshare
30.06.23 Change YoY
Total external funds under management$10,671 m41.3%
Scheme FUM30.06.23 Change YoY
SuperLife Kiwisaver$1,990 m17.9%
Workplace Savings Master Trusts$3,019 m4.1%
Smartshares Exchange Traded Funds - External$2,445 m13.7%
Smartshares Exchange Traded Funds - Total (external and internal)$6,281 m16.9%
Other Metrics30.06.23 Change YoY
Units on issue2,213 m8.2%
Value of stock lent over period$758 m47.5%
30.06.23 Change YoY
Funds under administration$10,818 m9.1%
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 rights, 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 or insights@nzx.com
Wealth Technologies

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NZ RegCo – Quarterly Regulation Metrics
Q2 2023
These Regulation Metrics represent the key features of NZ RegCo’s activities in regulating NZX’s
markets. The metrics focus on key activities so as to provide transparency and a means of comparison
across periods.

ISSUERS – KEY METRICS

Q2 2022 Q2 2023
Total announcements released
4,769 4,727
Trading halts at request of Issuer or NZ RegCo¹
15 12
Documents approved and waivers² granted to Issuers
19 17
Complaints received concerning Issuers
3 4
Price enquiries concerning Issuers
1 2
Investigations³ begun in relation to Issuers
6 6
Investigations ongoing at the end of the quarter/period in relation to Issuers
2 7


PARTICIPANTS – KEY METRICS

Waivers², Exemptions and Rulings granted to Participants
10 4
Inspections commenced
5 5
Complaints received concerning Participants
0 0
Investigations³ begun in relation to Participants
12 7
Investigations ongoing at the end of the quarter/period in relation to
Participants
12 7


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.

NZX Limited – Quarterly Policy Update
Q2 2023
This section outlines the key NZX rules and policy activity over the preceding quarter.
NZX RULES AND POLICY

Capital Raisings Review
NZX published a consultation response paper to the capital raisings review on 14 June 2023 outlining
the outcomes of the consultation. We are now in the process of applying to the FMA for approval of the
proposed amendments to the Rules. An announcement regarding the Rule amendments will be made
once the FMA has completed its review of the proposed changes.

Related Party and Major Transactions Guidance Note review
The consultation in relation to the Related Party and Major Transactions Guidance Note closed in
March 2023. NZX Policy and NZ RegCo are currently in the process of considering the submissions
received, after which an update on the outcome of the consultation will be provided.

Director Independence review
NZX concluded its consultation on the director independence settings within the NZX Listing Rules on
30 June 2023. We are currently considering the submissions received and will provide an update on
the review in due course.

Principles for Assessing Market Incidents
NZX has concluded its consultation on the protocols to manage significant market incidents, in the
context of ongoing work to enhance NZX's crisis management arrangements. We are currently
considering the submissions received and will provide an update once this has been completed.