ASX Limited (ASX) operates Australia's primary national securities exchanges. These include the provision of securities exchange services, derivatives exchange services, central counterparty clearing services, and registry, settlement, and delivery-versus-payment clearing financial products and associated ancillary services. It also provides market data services and investor education courses.
ASX says its goals are to build the franchise and reputation of the group by leveraging its platforms, growing international distribution and diversifying its revenue streams, all while preserving the regulatory soundness of the markets and facilities it operates.
Adjustments - The charts are adjusted to smooth out the effect of bonus issues, rights issues, special dividends, share splits, consolidations, capital reductions, or to link historical values that represent the company's primary equity security. The chart also assumes that all company issued options and convertible securities are converted into ordinary shares.
Moving average - The average value of a security over a period of time. A moving average helps to smooth out volatility in a security's price or volume. For example, a 20-day average of closing prices is calculated by adding the last 20 closing prices for the security and dividing by 20.
<p>Explanation of ASX chart terms</p>
The red line represents the price of the primary security over the requested time frame. The actual price level is shown on the right axis. The chart may not show actual share prices as share prices are adjusted.
The blue line represents the price or value of the secondary security over the requested time frame. The actual price or value is shown on the left axis.
The green line represents the moving average for the primary security.
The dark green bars represent the turnover for the primary security.
The burgundy line represents the volume moving average for the primary security.
For an Australian registered company to be admitted
to the official list, the ASX must be satisfied that its
requirements in respect of the following conditions
are met:<p>profit/asset test</p>
<p>certain constitutional and corporate governance requirements</p>
<p>prospectus for the capital raising a minimum issue price of $0.20.</p>
A company wishing to list on the ASX must come
within one of the following categories:
The Government is receiving advice about listing the first state-owned asset up for partial privatisation on the Australian stock exchange.
The Australian Stock Exchange is a marketplace for the trading of Australian and international shares and other financial instruments. It provides updates regarding the price of shares and other company information via its website. It also offers a wide range of educational material for consumers and businesses to become conversant with the various financial instruments it deals with. ASX has offices in Sydney, Melbourne, Brisbane, Adelaide and Perth.
The Australian Stock Exchange is a fully electronic exchange, using SEATS (Stock Exchange Automated Trading System) for the trading of stocks, warrants, fixed-interest securities, and company-issued options and rights. Under this system, trade orders can be placed online through a broker and when a buy and sell match, the order is automatically executed.
With 1,515 companies listed and total market capitalization of billion, the Australian Stock Exchange was the eighth largest exchange in the world at the end of 2004. Although it is one of the newer exchanges, it has shown significant growth over the last fifteen years.