The Australian stock exchange

The Australian Stock Exchange (ASX) was formed in 1987 when six independent stock exchange companies merged together. The ASX started of as being a mutual organization of stockbrokers and state stock exchanges. But in 1988 they issued shares to be sold on their own market. The Australian Stock Exchange is now a public listed company.

The ASX is Australia’s national stock exchange. It operates tw

. . .

The Australian Dollar my influence foreign investors to buy into shares traded on ASX increasing demand and rising prices. The Primary market where companies first issue shares at certain prices to be invested in. If the Dow Jones Index rises (Bull market) then more people will buy into companies increasing demand and rising prices. It regulates the markets by setting listing rules which the registered companies must abide by in order to list and keep their company listed. This electronic system is called Stock Exchange Automated Trading System (SEATS). The ASX provides an electronic trading system so no physical trading needs to be done. The shares issued by these companies are brought and sold by the general public wishing to invest to receive short or long-term gain.

The ASX preforms many roles to ensure this. Overseeing the Australian share market and ninth largest in the world it is an important asset to Australia’s companies and trusts. If the Dow Jones Industrial index falls traders on the ASX think also that prices will change and sell their share before prices fall.

Overseas Stock exchange markets greatly influences the Australian Stock Exchange.

There are around 1,483 companies currently listed on the ASX. It is the ASX’s duty to ensure that these markets are efficient, free and fair for all buyers and sellers.

Common topics in this essay:
Secondary Market, Stock Exchange, Exchange ASX, Jones Industrial, ASX Australias, Australian Dollar, Jones Index, Overseeing Australian, stock exchange, SEATS SEATS, Wall Street, australian stock, australian stock exchange, shares traded, demand rising prices, prices australian, stock exchanges, demand rising, increasing demand, shares traded daily, rising prices, increasing demand rising, secondary market, australian share market, traded daily,

Approximate Word count = 462
Approximate Pages = 2 (250 words per page double spaced)

Already a member? Click here