asx

ASX, short for the Australian Securities Exchange, is Australia’s primary securities exchange. Based in Sydney, it operates markets for equities, fixed income, derivatives, and commodities and provides a range of post-trade services. Through ASX Limited and its group of subsidiaries, it runs the main market for Australian-listed companies and offers market data, technology services, and clearing and settlement facilities.

Trading on ASX is conducted through electronic systems, with ownership records for listed securities maintained and transferred via the CHESS-based settlement and depository infrastructure. The ASX Group operates the exchange along with clearing facilities (ASX Clear) and settlement services (ASX Settlement), providing a integrated market infrastructure used by domestic and international participants.

Structure and history: The modern ASX emerged from the consolidation of Australia’s regional exchanges in the late 20th century. In 2006, ASX acquired the Sydney Futures Exchange, forming a broader group that expanded into derivatives, clearing, and settlement. ASX Limited is a publicly listed holding company, while ASX Group serves as the operating umbrella for the market and post-trade services.

Regulation and market scope: ASX markets are overseen by the Australian Securities and Investments Commission (ASIC), with rules aimed at market integrity, disclosure, and investor protection. The exchange lists thousands of companies and hosts major indices such as the S&P/ASX 200 and All Ordinaries, serving as a benchmark for Australian equity performance and offering a range of fixed income and derivative products, including futures and options.

See also: CHESS, S&P/ASX 200, All Ordinaries, ASX Clear, ASX Settlement.