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Author: Admin | 2025-04-28
The Sydney-Australia-based financial market exchange Over 2 million + professionals use CFI to learn accounting, financial analysis, modeling and more. Unlock the essentials of corporate finance with our free resources and get an exclusive sneak peek at the first module of each course. Start Free What is the Australian Securities Exchange (ASX)?The Australian Securities Exchange (ASX) is one of the world’s leading financial market exchanges based in Sydney, Australia. As a fully functioning securities exchange, the ASX provides a number of services, such as listings, trading, clearing, settlements, technical and information services, and post-trade services.The Australian Securities Exchange is also the largest interest rate derivatives market in Asia. The ASX’s origin as a national exchange goes back to 1987. In 2006, the Sydney Futures Exchange and the Australian Stock Exchange merged. Furthermore, in 2010, the Australian Securities Exchange launched a new group structure and is now referred to as the ASX Group.SummaryThe Australian Securities Exchange (ASX) is one of the world’s leading financial market exchanges. In 2006, the Sydney Futures Exchange and the Australian Stock Exchange merged to form the Australian Securities Exchange.The ASX is ranked fifth by the World Economic Forum in financial systems and capital markets.Types of ASX MarketsThe Australian Securities Exchange operates in many markets. Also, it oversees financial compliance in the ASX markets and promotes corporate governance. The following are some of the markets that the ASX operates in:Bond marketDerivatives marketEquity marketFinancial developmentForeign exchange marketFunds managementThe Australian Securities Exchange bond market is the third-biggest in Asia. It is also the eighth-largest equity market in the world, with a total market capitalization of $2 trillion.Additionally, the ASX is ranked 5th by the World Economic Forum in financial systems and capital markets, in addition to being the seventh-largest foreign exchange market based on global turnover.History of the Australian Securities ExchangeIn 1871, the Sydney Stock Exchange was established and continued to operate only until it was merged with other state-based exchanges to form the Australian Stock Exchange in 1987. In 1937, the Australian Associated Stock Exchange was established and would become the predecessor to the ASX. In 1942, Australian markets were controlled by the Australian Government; however, late in 1947, open-market conditions were resumed.In 1960, the Sydney Futures Exchange started to trade as the Sydney Greasy Wool Futures Exchange; it was done to provide wool farmers in Australia with hedging facilities. Additionally, in 1961, the Australian Associated Stock Exchange began to develop an educational program. In 1962, three-letter company codes were developed for listed stocks.In 1970, the Securities Industry Act was established. In 1987, the Australian Stock Exchange was formed. Later, in 2006, the Sydney Futures Exchange merged with the Australian Stock Exchange to form the Australian Securities Exchange.
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