What is ASX & how does it work?

The ASX acts as a market operator, clearing house, and payments facilitator. It also provides educational materials to retail investors. ASX is consistently ranked among the top exchanges globally. Other major exchanges include the Tokyo Stock Exchange or TSE, the New York Stock Exchange (NYSE), the Nasdaq, and the London Stock Exchange (LSE).

When was the ASX formed?

The ASX (Australian Stock Exchange Limited) was formed in 1987 by legislation of the Australian Parliament which enabled the amalgamation of six independent stock exchanges that formerly operated in the state capital cities. After demutualisation, the ASX was the first exchange in the world to have its shares quoted on its own market.

What is the Australian Stock Exchange (ASX)?

The Exchange in its current form was created through the merger of the Australian Stock Exchange and Sydney Futures Exchange in 2006. The ASX acts as a market operator, clearing house, and payments facilitator. It also provides educational materials to retail investors. ASX is consistently ranked among the top exchanges globally.

What does ASIC do for ASX?

ASIC also supervises ASX’s own compliance as a listed public company. ASX has a proud history as an early and successful adopter of new technology, and continues to embrace innovative solutions to make life easier for customers, help companies grow, create value for shareholders and support the Australian economy.