NZX Revenue & Shareholder Metrics

Q3 2024Q3 2023YTD 2024YTD 2023
NZ $000NZ $000NZ $000NZ $000
2,6512,819-5.9%8,255 8,427 -2.0%
552655-15.7%1,137 1,531 -25.7%
Annual listing fees
Primary listing fees
Secondar
y issuance fees
1,63383695.3%3,327 2,542 30.9%
Total Capital Markets Origination revenue4,836 4,310 12.2%12,719 12,500 1.8%
Participant services
125128-2.6%387 409 -5.4%
Securities trading
1,208
88237.0%3,034 2,888 5.1%
Securities clearing1,907
1,60718.7%5,174 4,843 6.8%
Dairy derivatives700
1,117-37.3%2,099 2,686 -21.9%
Contractual revenue2,225
2,472-10.0%7,299 7,311 -0.2%
Consulting & development258
277-6.9%626 914 -31.5%
Total Secondary Markets revenue6,423 6,483 -0.9%18,619 19,051 -2.3%
Royalties from terminals
2,0952,0681.3%6,296 6,394 -1.5%
Subscriptions and licenses
1,3541,377-1.7%4,117 4,077 1.0%
Dairy data subscriptions146
152-3.9%459 433 6.0%
Indicies343
3226.5%926 1,075 -13.9%
Audit and back-dated licenses
200
15529.0%1,160 1,027 13.0%
Connectivity695
702-1.0%2,091 2,142 -2.4%
Total Information Services4,833 4,776 1.2%15,049 15,148 -0.7%
FUM based revenue
10,3808,58820.9%29,913 24,466 22.3%
Member based revenue593
637-6.9%1,824 2,108 -13.5%
Other revenue231293-21.2%754 922 -18.2%
Funds Management revenue
1
11,204 9,518 17.7%32,491 27,496 18.2%
Wealth Technologies revenue2,644 1,829 44.6%6,860 4,856 41.3%
Regulation revenue1,000 913 9.5%3,021 2,685 12.5%
Corporate revenue29 18 61.1%92 55 67.3%
Total Revenue30,969 27,847 11.2%88,851 81,791 8.6%
- 2024 YTD FUM based revenue and member based revenue include an incremental impact from the QuayStreet acquisition (which occurred on 23 February 2023) estimated at $1.23m and
$0.023m respectively.
- FUM based revenue also increased due to synergies unlocked in the SuperLife SMT transition services migration completed in August 2023.
NZX Limited - Quarterly Operating Revenue
Q3 2024
Change YoY
Operating revenue numbers are based on NZX's internal records, which are unaudited. Differences may arise between this data and that disclosed in the subsequent audited financial statements.
The comparative information has been reclassified, where necessary, to ensure consistency with the current year presentation.
Q3 Operating RevenueYTD Operating Revenue
Change YoY
- Total revenue includes one-off revenue relating to prior financial years of $0.3m (FY23: $1.5m)
Please read the revenue numbers in conjunction with the shareholder metrics on the following pages, which drive revenue performance.
1. Funds management revenue:
- Revenue is received net of fund costs incurred directly by the Funds

Q3 2024
#######
These shareholder metrics represent the key operations of NZX's business.
Q3 2024
NZX Listed Issuers30.09.24
Change YoYCapital RaisingQ3 2024Change YoY
Total equity securities122
-5.4%Total capital raisings $5,100 m
-10.6%
Total fund securities52
-1.9%
Total retail debt securities
143
-3.4%
New Capital Listed
Total wholesale debt securities8-Total capital listed by all issuers$1,445 m
-47.3%
Total other securities
433.3%
Total listed securities329-3.5%Equity listings$270
n/a
Fund listings
-
n/a
Retail debt listings
$1,175
-57.1%
Total NZX Main Board equity issuers121-5.5%Wholesale debt listings
-
n/a
Total NZX Main Board fund issuers
52-1.9%
Total NZX Debt Market retail debt issuers
47-2.1%
Secondary Capital Raisings
Total NZX Debt Market wholesale debt issuers2-
Total capital raised by all issuers$3,655 m23.3%
Total other issuers
4
33.3%
Total unique issuers
198
-4.3%Total equity raised - NZ issuers
$2,449
459.7%
Total equity raised - dual or foreign issuer
$58
5.7%
Total funds raised - NZ issuers
$425
-66.8%
Market Capitalisation
30.09.24Change YoY% of GDPTotal funds raised - dual or foreign issuer$62
-36.0%
Total market capitalisation$227,815 m6.2%
55.1%Total retail debt raised
$661
-39.7%
Total wholesale debt raised
-n/a
All equity$160,996 m7.4%38.9%
All funds$10,422 m20.0%2.5%
All other$17 m
436.9%0.0%Total number of secondary capital raising events593
43.2%
Total NZX Main Board$171,435 m8.1%41.5%Equity issuers - capital raised < $10m70
-12.5%
Equity issuers - capital raised ≥ $10m < $100m7
-
Retail debt$41,815 m0.5%10.1%Equity issuers - capital raised ≥ $100m4300.0%
Green bonds$6,825 m4.2%1.7%Fund issuers - capital raised50359.2%
Wholesale debt
$7,740 m-0.1%1.9%Retail debt issuers - capital raised9-10.0%
Total NZX Debt Market$56,380 m0.9%13.6%Wholesale debt issuers - capital raised
-n/a
Cash MarketQ3 2024Change YoYClearing House / Depository
Q3 2024Change YoY
Total value traded$10,220 m18.5%
Gross value of cleared trades over period$10,24518.5%
Auction value traded
$2,866 m47.1%Assets under custody in depository at period end$8,507 m
11.4%
Continuous value traded
$3,373 m19.5%Depository Uplifts27,895

0.2%
NZX Dark value traded$266 mn/aSettlement Lines
60,770

-1.5%
% of value on-market
63.7%15.0%OTC Trades27,528
37.8%
Total trades
2,410,02515.0%
Daily average value traded$155 m14.9%
Daily average trades
36,51611.5%
DerivativesQ3 2024
Change YoY
Total Equity Transactions
Futures - total lots traded
$169,5525.8%
Total trades2,389,151
15.1%
Options - total lots traded$12,703
-34.4%
Value traded
$9,487 m20.0%
Total derivatives lots traded$182,255
1.5%
% of value on-market
64.4%
12.3%Total derivatives lots traded - YTD
$503,810
14.6%
Average on-market trade size$2,570
17.3%
Open interest at period end163,657
27.3%
Notional value traded ($USD)$980 m6.8%
Total Debt Transactions
Options to futures ratio7.5%-38.0%
Total trades20,8748.4%Negotiated Large Trade (NLT) %49.8%
4.4%
Value traded $733 m1.9%
Cumulative Numbers - YTD
Energy Contracts30.09.24Change YoY
Number of trades6,359,257
-9.3%Operating / Technology contracts17
-
Total value traded
$26,811 m
0.6%
- contracts ≥ $500k p.a.4-
% of value on-market
62.6%3.9%- contracts < $500k p.a.13
-
NZX Limited - Quarterly Shareholder Metrics
Core Markets

NZX Indices Performance30.09.24
Change YoYWholesale Data30.09.24
Change YoY
S&P/NZX 50 Index (Gross)
12,424
10.0%Terminal numbers - professional6,204
-4.3%
S&P/NZX 50 Index (Capital)
4,653
6.7%Terminal numbers - retail1,51027.5%
S&P/NZX 50 Portfolio Index
7,701
6.9%Licences - value ≥ $20k p.a.7814.7%
S&P/NZX NZ Fixed Interest Composite Index126
11.4%Licences - value < $20k p.a.68
-16.0%
S&P/NZX A-Grade Bond Index6,147
10.9%
Direct Data Products30.09.24
Change YoYDairy Data Subscriptions30.09.24
Change YoY
Proprietary security subscription products
288
-5.3%Dairy data subscriptions
415
-5.0%
- products ≥ $3,000 p.a.
95
-7.8% - products ≥ $1,500 p.a.
133
9.0%
- products < $3,000 p.a.
193
-4.0% - products < $1,500 p.a. 282-10.5%
Smart
30.09.24
Change YoY
Total external funds under management$12,557 m
20.2%
Scheme FUM30.09.24Change YoY
SuperLife Kiwisaver$2,446 m21.9%
Workplace Savings Master Trusts$3,253 m
11.2%
Smart Exchange Traded Funds - External
$3,142 m31.7%
Smart Exchange Traded Funds - Total (external and internal)$8,555 m21.1%
Other MetricsQ3 2024Change YoY
Units on issue2,759 m
7.1%
Value of stock lent over quarter
$485 m57.8%
Wealth Technologies
30.09.24Change YoY
Funds under administration
$15,613 m41.2%
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.
7. Regulatory metrics and information relating to NZX rules and policy activity (which was previously set out in a separate NZ RegCo metrics document) can be accessed via NZ
RegCo’s annual Oversight Report, Issuer and Participant Updates (https://www.nzx.com/regulation/nzregco/publications), and via the NZX Policy website landing page
(https://www.nzx.com/regulation/nzx-policy).
To enquire about information listed on this sheet, or to find out more about NZX products or services, please email: insights@nzx.com or data@nzx.com