2010 Australian Financial Markets Report (AFMR)
Fri 29 Oct 2010
FY10 Highlights:
- An overall improvement in market conditions from the previous GFC effected year;
- Electricity futures & options market was largely impacted by the delay in the Commonwealth Government's Carbon Pollution Reduction Scheme (CPRS), the privatisation plans of NSW government electricity assets to be completed by end of 2010 and full phase out of the NSW Electricity Tariff Equalisation Fund (ETEF);
- d-cyphaTrade ASX Electricity liquidity grew by 32% this FY10 to trade just shy of 400 million MWh;
- Exchange traded volume represented 64.4% whereas OTC volume equated to 35.6% of electricity derivative volume.
- Exchange traded options volumes equated to over 105 million MWh with a face value of $4.6 billion. This continues to make the d-cyphaTrade ASX electricity options market the largest exchange traded electricity options market in the work.
- The changing regulatory landscape in Europe and the US will continue to influence Australian regulatory policy; and
- Political uncertainty of the implementation of the CPRS could potentially impact liquidity from OTC to Exchange-Trade volume.
Click here to download AFMA's 2010 Australian Financial Markets Report.