Clearing and Settlement of Cash Equities in Australia

Clearing Performance

Cleared gross equity settlement volume averaged 884,380 trades per day over the June 2013 quarter, with an average daily value of $4 billion. These netted down by 99% in number and 62% in value to an average of 13,169 settlements for $1.54 billion, highlighting the efficiency and performance of the net batch process.

 

Figure 1 provides further settlement data over the past two years.

Figure 1: Batch Efficiency – Novated Net Down