The Australian Stock Exchange is the main stock market in Australia. It acts as a supervisory element for financial operations and enables the exchange of titles in its location.
In other words, the Australian Stock Exchange is the most important space where investors can buy and sell financial securities in Australia. In addition, it acts as a regulator of the stock market.
In the field of finance, the Australian Stock Exchange (known colloquially by its acronym ASX) is one of the main exchanges worldwide, as well as one of the oldest.
The main function of this public institution is to facilitate the different economic agents in their purchase and sale operations of financial securities.
In this way, it collects, enables and supervises the trading of shares, bonds and other securities within its national financial system.
Its headquarters are located in the Australian city of Sydney. Although it should be noted that his work is limited to today in the electronic field.
Origin of the ASX
The Australian Stock Exchange was born in 1861 as an independent stock market.
Although for decades it acted in line with other entities of a similar nature in its country, it was in 1987 when it collected and absorbed the rest of the predominant Australian stock exchanges.
As a result of this growth, and after also incorporating the Sydney and Singapore stock exchanges, the ASX is consolidated. In this way, it became the priority market in its geographical area.
Currently, it has undergone multiple changes adapting to the digital stock market landscape.
In this sense, today it no longer has elements of physical commerce and carries out its work only through electronic platforms.
As a central element of finance in Australia, the ASX has a vital importance in the economic and financial map both in Oceania and in the rest of the world.
At the national level, it constitutes the main stock market. Therefore, it encompasses financial asset exchange capacities in such a way that:
- It acts as a market operator.
- It embodies the figure of supervisory entity of financial operations.
- Collect and enable against payments for exchange of financial assets.
- It is Australia’s main clearing house.
- It offers monitoring and educational training in financial matters.