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
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    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?

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  5. Can stocks be traded on more than one exchange, such as, for example, on both the ...

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