Australian Securities Exchange: Difference between revisions - Wikipedia
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Line 1: {{short description|Australian share market operator}}
{{Use dmy dates|date=December 2021}} {{Use Australian English|date=April 2011}} {{Infobox exchange |name = Australian Securities Exchange |logo = ASX Logo.jpg |type = [[Stock exchange]], [[
▲|type = [[Stock exchange]], [[Futures exchange]], [[Clearing house (finance)|Clearing House]] |city = [[Sydney]] |country = [[Australia]] |coor = {{coord|33.864|S|151.209|E|region:AU:landmark|display=inline, title}} |foundation = {{Start date and age|1987|4|1|df=yes}} |owner = ASX Limited<br/>{{ASX|ASX}} |key_people = Helen Lofthouse,<ref>{{cite web |url=https://www2.asx.com.au/ |title=Home |publisher=.asx.com.au |date= |access-date=2022-09-07 |archive-date=25 July 2022 |archive-url=https://web.archive.org/web/20220725010833/https://www2.asx.com.au/ |url-status=live }}</ref> CEO |listings = {{formatnum: |mcap = {{A$|2. |currency = [[Australian dollar]] |indexes ={{plainlist| *[[S&P/ASX 20]] |homepage = {{URL|www.asx.com.au}}▼ *[[S&P/ASX 50]] *[[S&P/ASX 200]] *[[S&P/ASX 300]] * ▲|homepage = {{Official URL |footnotes = |module = {{Infobox network service provider|child=yes}} |image=Sydney Exchange Centre Entrance.jpg|image_caption=Sydney Exchange Centre Entrance}} ▲}}{{Redirect|ASX|3=ASX (disambiguation)}} '''Australian Today, ASX has an average daily turnover of A$4.685 [[10^12|billion]] and a market capitalisation of around A$1.6 [[10^18|trillion]], making it one of the [[List of stock exchanges|world's top 20]] listed exchange groups, and the largest in the southern hemisphere. Line 61 ⟶ 66: [[File:Sydney Exchange Centre.jpg|thumb|right|160px|Sydney Exchange Square]] [[File:Sydney Exchange Square entrance.jpg|thumb|right|160px|Sydney Exchange Square entrance]] The origins of the ASX date back to the mid-1800s when six separate exchanges were established in Australia's state capital cities of [[Melbourne]], [[Victoria (Australia)|Victoria]], (1861), [[Sydney]], [[New South Wales]] (1871), [[Hobart]], [[Tasmania]] (1882), [[Brisbane]], [[Queensland]] (1884), [[Adelaide]], [[South Australia]] (1887) and [[Perth]], [[Western Australia]] (1889, the [[Stock Exchange of Perth]]).<ref>{{cite web |url=http://www.asxgroup.com.au/history.htm/ |title=History of ASX |access-date=9 August 2012 |publisher=Australian Securities Exchange |archive-date=29 July 2012 |archive-url=https://web.archive.org/web/20120729230910/http://www.asxgroup.com.au/history.htm |url-status=dead }}</ref> A further exchange in [[Launceston, Tasmania|Launceston]], Tasmania, merged into the Hobart exchange. In November 1903 the first interstate conference was held to coincide with the [[Melbourne Cup]]. The exchanges then met on an informal basis until 1937 when the Australian Associated Stock Exchanges (AASE) was established, with representatives from each exchange. Over time the AASE established uniform listing rules, broker rules, and commission rates. Line 129 ⟶ 134: ;Opening times The normal trading or business days of the ASX are week-days, Monday to Friday. ASX does not trade on national public holidays: New Year's Day (1 January), Australia Day (26 January, and observed on this day or the first business day after this date), Good Friday (that varies each year), Easter Monday, Anzac day (25 April), On each trading day there is a pre-market session from 7:00{{nbsp}}am to 10:00{{nbsp}}am [[ == Settlement == Line 151 ⟶ 156: Many brokers do not offer short selling to small private investors. LEPOs can serve as an equivalent, while [[Contract for difference|contracts for difference]] (CFDs) offered by third-party providers are another alternative. In September 2008, ASIC suspended nearly all forms of short selling due to concerns about market stability Also, in the biggest change for ASX in 15 years, ASTC Settlement Rule 10.11.12 was introduced, which requires the broker to provide stocks when settlement is due, otherwise the broker must buy the stock on the market to cover the shortfall. The rule requires that if a Failed Settlement Shortfall exists on the second business day after the day on which the Rescheduled Batch Instruction was originally scheduled for settlement (that is, generally on T+5), the delivering settlement participant must either: Line 183 ⟶ 188: == Sharemarket Game == The ASX Sharemarket Game == Merger talks with SGX == Line 192 ⟶ 197: == See also == {{ * [[Economy of Australia]] * [[Australian Securities and Investments Commission]] * [[All Ordinaries]] * [[Charles Challice]], the fifth chief executive of the Sydney Stock Exchange === Lists === * [[List of stock exchanges]] * [[List of futures exchanges]] * [[List of Australian exchange-traded funds]] ▲* [[All Ordinaries]]
== References == Line 207 ⟶ 217: * {{URL|https://www.legislation.gov.au/Details/C2004A03415|Australian Stock Exchange and National Guarantee Fund Act 1987}} {{Navboxes ▲{{Economy of Australia}} |title= {{stock market}}▼ |list1= ▲{{ {{World Federation of Exchanges}}▼ {{Stock exchanges top 18}} {{S&P/ASX 50}} {{ {{Australia topics}} {{Business in Australia |state=autocollapse}} ▲{{World Federation of Exchanges}} }} {{authority control}} [[Category:Australian Securities Exchange| ]] Line 219 ⟶ 235: [[Category:Stock exchanges in Australia]] [[Category:Financial services companies based in Sydney]] [[Category:Economy of [[Category:Financial services companies established in 1987]] [[Category:Australian companies established in 1987]] | |||