The Australian Securities Exchange (ASX) has announced post-tax profits grew by 3.8% in the year to 30 June 2015.
ASX announced full year profits of AUD $397.8 million for the full year to the end of June 2015, up from $383.2 million a year earlier.
In a statement to the market, Elmer Kupper, managing director and chief executive officer of ASX, said: “At the same time, ASX implemented attractive fee reductions in its derivatives business and opened a world-class 24 hours Customer Support Centre.
“These investments improve the alignment with ASX customers and create a more sustainable business.”
ASX is currently waiting on a decision from the Australian government on the review of market structure for clearing cash equities.
Kupper added: “A continuation of the current model for five years would give ASX certainty to invest in the once-in-a-generation replacement of its clearing house system CHESS.”
If the current structure is retained, ASX has already outlined that it will implement a new clearing fee schedule that would provide savings of around AUD $7.3 million a year to its clients.
Operating revenue for the full year period was also up – by 6.4% – on the previous year at AUD $700.7 million.
Derivatives and OTC Markets was the only division to see a dip in revenue, with revenue down 0.7% on the previous year at $206.2 million.