Australian Securities Exchange (ASX)

Submitted by Share Trading on 31 May, 2008 - 13:31

Measured by the market capitalisation, Australia Securities Exchange (ASX) is now considered as one of the top 10 listed exchange groups in the world. As one of the world’s top 10 listed exchange groups, measured by its market capitalisation, ASX group was created through the merger of the Australian Stock Exchange and the Sydney Futures Exchange. ASX group operates under the brand, Australian Securities Exchange. Operating with Australia’s primary national stock exchange, Australia Security Exchange (ASX) deals mainly with the derivatives, fixed interest and equities securities. ASX functions as the supervisor, market operator, payments system facilitator and the central counterparty clearer in Australia where its main headquarters is located. ASX was listed on the Australian Stocks Exchange on the 14th of October 1998. Its average revenue reaches approximately $117 million from its issued capital of approximately $106 million. To date, around 550 employees are employed in ASX. The market of ASX is divided into two: the primary market and the secondary market. The Australian Securities Exchange spans the markets for corporate control, capital formation and price discovery and functions as an operator, supervisor, central counterparty clearer and payments system facilitator. The diverse domestic and international customer base of the Australian Securities Exchange includes issuers of a variety of listed securities, corporates, investment banks, trading banks, fund managers, hedge funds, CTAs, proprietary and retail traders.

The primary market of Australia Securities Exchange (ASX) focuses on the corporate control as well as the capital formation. It provides the information and complete market data to its users. The operations of the ASX’s primary market include the trading options, trading calendars, futures contracts, LEPOs or the low exercise price options, market phases and trading hours, grain futures and grain options, futures maturity dates, SFE contract specifications, SFE Fees and Charges and the SYCOM training. The secondary market of ASX focuses on the risk transfer, price discovery and capital allocation.

The trading calendar of ASX for non-trading and non-business days is set when the markets are not open for settlement and business. Index LEPOs and the Index options expire on the contract month’s third Thursday as long as it falls on a trading day while the equity options expire on the Thursday before the last business Friday of that month. The maturity date of the futures is on the third Thursday of the maturity month as long as it falls on a trading day and the maturity cycle for the futures occurs every quarter of the year.

ASX has a diverse customer base that is classified as domestic and international. This customer base includes trading banks, investments, hedge funds, retail and proprietary traders, commodity trading advisers and listed securities users such as trusts and corporations.

ASX Limited Company History

It was in the year 1987 when the Australian Stock Exchange was established. It was formed from that merging of 6 independent stock exchanges that were operating in the capital cities of the country. It was in 1989 when the ASX Surveillance Unit was established and in the same year, the Australian Financial Futures Market and the Australian Options Market were merged.

It was in 1991 when the NCSC was replaced by the Australian Securities Commission. A year after the replacement took place; the ASX Derivatives Board was established. It was in 1998 when the Investigations and Enforcement division of ASX was formed. It was in the following year when BLOX trial, third party clearing, CHESS IPO Settlement as well as the Interest Rate Market was introduced by ASX. It was also in the same year when 13% of the stake of Austraclear was purchased by ASX.

In 2000, a joint venture with the Perpetual Registrars was formed by ASX leading to the formation of the ASX Perpetual Registrars. It was also the same year when the Real Time Gross Settlement or the RTGS was introduced by the company. In 2003, the strategic alliance with the company called Aspect Huntley was announced by ASX. This was for the purpose of the development and joint marketing of the innovative and new market information products.

The Orient Capital was sold to the Link Market Services was sold by ASX and the SEATS trading system with the CLICK XT was replaced by ASX and in September 2007, the investors relations division was launched by AIRA and ASX.

Products and Services:

  • Equities
  • warrants
  • listed managed funds
  • interest rate securities
  • market data services
  • education courses and company registry services

Locations and Subsidiaries:

ASX Limited Headquarters
20 Bridge St
Sydney Exchange Centre
Sydney NSW 2000
Phone: (02) 9227 0000
Fax: (02) 9227 0553

Australian Stock Exchange Limited
20 Bridge St
Sydney 2000
Ph: (02) 9227 0000 Fax: (02) 9227 0885

Australian Stock Exchange Limited
Level 45 Rialto Towers
525 Collins St
Melbourne 3000
Ph: (03) 9617 8611 Fax: (03) 9614 0303

Australian Stock Exchange Limited
Level 5 123 Eagle St
Brisbane 4000
Ph: (07) 3835 4000 Fax: (07) 3832 4114

Australian Stock Exchange Limited
Level 1 89 King William St
Adelaide 5000
Ph: (08) 8216 5000 Fax: (08) 8216 5098

Australian Stock Exchange Limited
Level 8 Exchange Plaza
2 The Esplanade Perth 6000
Ph: (08) 9224 0000 Fax: (08) 9221 2020

Australian Stock Exchange Limited
Level 12 AMP Building 86 Collins St
Hobart 7000
Ph: (03) 6234 7333 Fax: (03) 6234 3922

ASX Limited Subsidiaries

ASX International Services Pty Ltd
Stock Exchange Research Pty Ltd
ASX Operations Pty Ltd
Options Clearing House Pty Ltd
ASX Futures Exchange Pty Ltd
ASX Supervisory Review Pty Ltd
ASX Operations Pty Ltd

Other ASX Limited Details

ASX Limited Year Established: 1987
ACN: 008 624 691
D-U-N-S: 750225237
ABN: 98008624691
Previous Company Names: Australian Stock Exchange Limited