Australian Stock Exchange - ASX

DEFINITION of 'Australian Stock Exchange - ASX'

The stock exchange headquartered in Sydney, Australia. The Australian Stock Exchange in its current form was created through a merger of the Australian Stock Exchange and Sydney Futures Exchange. The ASX acts as a market operator, clearing house and payments facilitator, and also provides educational materials to retail investors.

BREAKING DOWN 'Australian Stock Exchange - ASX'

The original ASX was formed in 1987 after six independent stock exchanges that operated throughout Australia merged. The ASX offers equities, futures, options, warrants, ETFs and REITs, among other securities.

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RELATED FAQS
  1. What does it mean when my broker says that shares are for auction?

    An auction market is one in which stock buyers enter competitive bids and stock sellers enter competitive offers at the same ... Read Answer >>
  2. What are all of the securities markets in the U.S.A?

    There are three major U.S. financial securities markets which are: New York Stock Exchange (NYSE): NYSE is a stock exchange ... Read Answer >>
  3. How does a company switch from one stock exchange to another?

    A publicly traded company can, in fact, switch to a stock exchange that it believes will be favorable to its financing efforts. ... Read Answer >>
  4. Why are traders on the floor of the exchange?

    Before the advent of electronic trading platforms, the floor of the stock exchange was the location for market transactions ... Read Answer >>
  5. Can stocks be traded on more than one exchange, such as, for example, on both the ...

    A stock can trade on any exchange on which it is listed. And to be listed it must meet all of the exchange's listing requirements ... Read Answer >>
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