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I found some lovely data on a Wikinvest.com page covering the ASX. Would it be useful to this article? - Vikramparsani ( talk) 06:36, 28 October 2008 (UTC)
2004 [1] | 2005 [2] | 2006 [3] | 2007 [4] | |
Number of Listed Companies | 1,583 | 1,714 | 1,829 | 1,998 |
Domestic Market Capitalization (in $ million) | 776,403 | 804,015 | 1,095,858 | 1,298,315 |
Value of Shares Traded (in $ million) | 523,669 | 672,389 | 859,574 | 1,371,745 |
Average Daily Turnover (in $ million) | 2,054 | 2,668 | 3,411 | 5,422 |
Average Value of Trades (in $ thousand) | 27.8 | 26.7 | 23.2 | 20.8 |
New Capital Raised from Initial Public Offerings (in $ million) | 10,816 | 18,050 | 12,877 | 16,726 |
New Capital Raised from Secondary Public Offerings (in $ million) | 14,569 | 15,160 | 33,648 | 52,563 |
Number of Trading Days | 255 | 252 | 252 | 253 |
References
Wouldn't the ASX be regulated by the Australian Securities and Investments Commission (ASIC), not the ACCC.
Do you think its necessary to have AEDT? Suicup 12:34, 27 August 2006 (UTC)
ASX has changed from 'Stock' to 'Securities' as of 5/12/2006. I guess it needs to be changed, but I'm too hack to know what to do. Boardumb 13:33, 13 December 2006 (UTC)
© ASX Limited ABN 98 008 624 691
The Australian Securities Exchange operates the Australian Stock Exchange and the Sydney Futures Exchange and facilitates trading in securities and derivatives such as shares, futures, options and warrants. ASX also provides market data, for example share prices, and related information including stock market announcements and market education.
Logo was recently changed from gif to png image, which is good. Unfortunately the png was an outdated logo (ie. it said Australian Stock Exchange not Australian Securities Exchange) so I have changed it back. This means unfortunately that it is still a gif rather than a png image which would be preferable. Orizon 07:45, 11 September 2007 (UTC)
As per title. CFD's started trading on 5th. Nov. 2007. Cheers, Todd —Preceding unsigned comment added by 202.168.119.78 ( talk) 05:47, 10 November 2007 (UTC)
All Wikipedia Visitors should be able to decide whether to use any relevant external links; that decision should not be made for them by other Wikipedia Editors. I had entered an external link (details below) but it was removed by other Editors without consultation, even though registration is not required and access is Free to the results of detailed Technical Analysis of all the constituents of S&P / ASX 50 AFLI Index. If you consider that the external link may be of interest to other Visitors, please add it to the Main page.
To access the removed external link, click on the ‘History’ tab then click to view Revision 236129688 23:37, 3 September 2008 by TechAnalysis. Scroll to ‘External Links’ section and click on the removed link.
TechAnalysis ( talk) 15:40, 25 September 2008 (UTC)
I've created Category:Companies formerly listed on the Australian Securities Exchange, similar to the one already existing for the New York Stock Exchange. My primary reason was to be able to destinguish mining companies formerly listed on the ASX from the ones still listed there. Hopefully, the delisted companies will slowly now be migrated from the active category. Calistemon ( talk) 05:59, 12 January 2010 (UTC)
http://en.wikipedia.org/wiki/List_of_stock_exchanges Toronto is 8th and there are 3 others (Madrid, Frankfurt, Bombay) that are smaller than Toronto and bigger than ASX. —Preceding unsigned comment added by Grmike ( talk • contribs) 05:53, 24 January 2010 (UTC)
for example add this
Market Supervision
On 1 August 2010 responsibility for the supervision of real-time trading on Australia’s domestic licensed financial markets and the supervision of the conduct by participants (including the relationship between participants and their clients) on those markets transferred to ASIC.
ASX retained responsibility for ensuring participants admitted to its market comply with its operating rules. The new arrangements did not change ASX’s existing oversight of listed entities or the obligations on ASX’s clearing and settlement facility operators.
ASX retained a subsidiary company to fulfil the obligations of each of he licensed entities in the ASX Group to monitor and enforce compliance with the ASX operating rules after the transfer. The name of the subsidiary was changed to ASX Compliance, as the previous name - ASX Markets Supervision - no longer properly described the subsidiary’s role within the ASX Group or ASX’s ongoing obligations.
BUT I ALSO want to delete old sections —Preceding unsigned comment added by Lawson m ( talk • contribs) 01:22, 27 August 2010 (UTC)
ASX Group can be described as a multi-asset class and vertically integrated exchange group. Its activities include primary and secondary market services, including the raising, allocation and hedging of capital flows, trading and price discovery (Australian Securities Exchange); central counterparty risk transfer (via subsidiaries of ASX Clearing Corporation); and securities settlement for both the equities and fixed income markets (via subsidiaries of ASX Settlement Corporation). [1]
That depends on whether you think it should be structured in a particular way. It also depends on whether other editors will need it explained so that they put it in the correct place (from your point of view). If you don't have a view, then just put it here and other editors may work it out, or will post questions here if they want your opinion. Pls don't forget what i said on your talk page about the need for sources though. Editors are not likely to be happy if you only propose text but don't offer the sources for it as well. Cheers, hamiltonstone ( talk) 02:20, 27 August 2010 (UTC)
Hi, our process was to review the data in terms of accuracy, current relevance and to best explain our organisation. The people involved in the review included the Head of Education, Manager Corporate Relations and our legal department. Where the most up-to-date information was on our site - we thought it would be appropriate to point there rather than duplicate material. We also tried to keep it in line with the information presented on Wiki for other exchanges. If there is too much detail, it can get out of date quickly. Sorry if I get some of the coding wrong relating to hyperlinks.
DELETIONS: Market Details - we propose that this text is updated & placed in the first few paragraphs (see below). Much of the data in this area is out of date e.g. number of stocks listed, market cap and turnover etc. Dominant broker info is out of date.
Trading system - This section is confusing I agree. It is extremely out of date. The SEATS trading platform is long gone and yet it is referred to as if it was still in existence. We recommend removing this section.
Settlement - we recommend remove this section for brevity. It is accurate if you decide to maintain it.
Short selling - out of date e.g. mentions SEATS. Ideally we would remove this section, however if you are looking for up-to-date info, here are some options:
Alternatives include: ASX makes available a daily gross short sale report. [2]
ASX Market rules on short selling [3]
What is securities lending? [4]
ASIC is now responsible for regulation of the market. They have some good info on Short Selling e.g. http://www.fido.gov.au/fido/fido.nsf/byheadline/Short+selling+-+what+is+it+anyway%3F?openDocument
Options, Warrants, LEPOs, IRS, Futures etc. - People will find the most up-to-date info on these products in terms of explanations and how to trade on the ASX website. We suggest that links be placed to their respective product pages on www.asx.com.au (see below replacement text). This way they are also up-to-date because again the Warrants section mentions they are traded on SEATS - and SEATS has been gone as a trading system for many years.
Schools' Sharemarket Game - We recommend removing this section because it stands alone i.e. it's the only Education product mentioned and it also only mention our Schools Game, when we actually run 2 for the public each year as well.
ASX Limited - There is duplication between the 2 boxes on the right hand side e.g. Type, website (see below). We suggest they be combined and information that changes regularly be removed e.g. market cap, numbers of listings, revenue.
The pictures throughout the page are great.
The text that I place here is our suggested replacement text:
ASX Limited box Some of this data is out of date e.g. revenue, employees, Eric Mayne is about to leave. We propose the following:
Type Stock exchange (ASX: ASX) [5]
Founded 1987, but dating back to 1861 Headquarters Sydney, Australia Key people Key people [6] Industry Securities markets Website [7]
Australian Securities Exchange (ASX) The Australian Securities Exchange (ASX) was created by the merger of the Australian Stock Exchange and the Sydney Futures Exchange in July 2006. It is the primary exchange group in Australia.
On 1 August, ASX launched a new brand and group structure. ASX Group became the overarching name, replacing Australian Securities Exchange, which remains as the name of the listings and trading arm of the ASX Group. [8]
ASX Group can be described as a multi-asset class and vertically integrated exchange group. Its activities include primary and secondary market services, including the raising, allocation and hedging of capital flows, trading and price discovery (Australian Securities Exchange); central counterparty risk transfer (via subsidiaries of ASX Clearing Corporation); and securities settlement for both the equities and fixed income markets (via subsidiaries of ASX Settlement Corporation).
ASX offers a broad array of products and services including shares; futures, exchange traded options, warrants, contracts for difference, exchange traded funds, real estate investment trusts, listed investment companies and interest rate securities. [9]
ASX functions as a market operator, clearing house and payments system facilitator. It oversees compliance with its operating rules, promotes standards of corporate governance among Australia’s listed companies and helps to educate retail investors.
ASX offers a range of educational materials relating to its products including free online courses. [10]
ASX operates two trading, clearing and settlement platforms, one for equity and related equity derivative products traded on an integrated trading platform between the hours of 10:00am and 4:00pm (AEST); and one for a suite of interest rate, equity index and commodity futures (and options on futures) products as well as Contracts For Difference (CFD), traded on a globally distributed 24 hour platform.
Monitoring and enforcement of compliance with its operating rules is performed by its wholly-owned subsidiary, ASX Compliance. [11]
Operations of the ASX Group are regulated by the Australian Securities and Investments Commission (ASIC) which regulates all trading venues and clearing and settlement facilities, and supervises ASX’s own compliance as a listed public company. The Reserve Bank of Australia (RBA) also provides oversight in relation to compliance with financial stability standards for ASX’s central counterparties and securities settlement facilities.
History The exchange began as six separate exchanges established in the state capitals Melbourne (1861), Sydney (1871), Hobart (1882), Brisbane (1884), Adelaide (1887) and Perth (1889). [12] A further exchange in Launceston merged into the Hobart exchange.
The first interstate conference was held in 1903 at Melbourne Cup time. The exchanges then met on an informal basis until 1937 when the Australian Associated Stock Exchanges (AASE) was established, with representatives from each exchange. Over time the AASE established uniform listing rules, broker rules, and commission rates.
The ASX (Australian Stock Exchange Limited) was formed in 1987 by legislation of the Australian Parliament which enabled the amalgamation of six independent stock exchanges that formerly operated in the state capital cities. After demutualisation the ASX was the first exchange in the world to have its shares quoted on its own market. The ASX was listed on 14 October 1998.
On 7 July 2006 the Australian Stock Exchange merged with SFE Corporation, holding company for the Sydney Futures Exchange.
Timeline of significant events - suggest we replace all of the entries there currently and point to this table: http://www.asx.com.au/about/asx/history/history_ASX.htm
Market Supervision On 1 August 2010 responsibility for the supervision of real-time trading on Australia’s domestic licensed financial markets and the supervision of the conduct by participants (including the relationship between participants and their clients) on those markets transferred to ASIC.
ASX retained responsibility for ensuring participants admitted to its market comply with its operating rules. The new arrangements did not change ASX’s existing oversight of listed entities or the obligations on ASX’s clearing and settlement facility operators.
ASX retained a subsidiary company to fulfil the obligations of each of he licensed entities in the ASX Group to monitor and enforce compliance with the ASX operating rules after the transfer. The name of the subsidiary was changed to ASX Compliance, as the previous name - ASX Markets Supervision - no longer properly described the subsidiary’s role within the ASX Group or ASX’s ongoing obligations.
See Also
References
Lawson m ( talk) 00:05, 30 August 2010 (UTC) Maree Lawson ASX 200 CEOs 2017 — Preceding unsigned comment added by 218.185.239.62 ( talk) 00:37, 6 December 2017 (UTC)
Thanks Maree. It is rather difficult to follow some of your above proposals, due to the lack of formatting, indenting etc. It would help if you checked out how to do layout that sort of stuff: for headings, see WP:LAYOUT. Indentation can be achieved just using colons - the more colons, the deeper the indentation. I have made some changes based on some of what i could decipher from your text. At this stage I would oppose removing the timeline. Eventually, key dates should be translated into prose, but I think it is better to leave it there for now, unless you believe any of the entries are actually incorrect. While it seems to make sense to combine those two infoboxes, I'm pretty sure we can't, the reason being that one follows the template for exchanges, while the other is providing info on the ASX as a company. There is a potentially bigger issue here: whether there should be two completely separate articles, one about the exchange and one about the company. But that's better avoided for the moment i think :-) I've got to go for now. I'll try and get back to this another time (as may other editors). If you are able to supply references for any of the existing uncited text, (without changing the text), I recommend going ahead and inserting them in the article, and just leaving a note here on the talk page that you've done it. We also need to find a more up-to-date market turnover figure than that for 2004, if you can point us to one. hamiltonstone ( talk) 01:54, 30 August 2010 (UTC)
References
Hi
these are the areas we recommend for deletion as they are out of date:
Brokers that dominate market share in Australia (in decreasing order) include
Macquarie Bank,
Goldman Sachs JBWere,
UBS,
Citigroup,
Merrill Lynch,
CSFB,
Deutsche Bank,
ABN AMRO,
CommSec and
Morgan Stanley. Retail investors account for around 20% of market turnover. Market ownership is broken down as 30% institutional, 40% foreign, 30% retail.
citation needed
![]() | This section may be
confusing or unclear to readers. (December 2009) |
Since 2 October 2006, trading of shares, warrants, fixed-interest securities and company-issued options and rights has been conducted on the Click-XT system, also known as the Integrated Trading System (ITS). The Integrated Trading System processes more transactions per second than the older Stock Exchange Automated Trading System (SEATS), and allows multi-order transactions (up to 5 orders per transaction). clarification needed SEATS was an all-electronic order matching system, based on time and price priority, and accepted market orders (to buy or sell at market price) or limit orders (to buy at no more than a given price, or to sell at no less than a given price).
Short selling of shares is permitted on the ASX, but only among designated stocks and with certain conditions:
Many brokers do not offer short selling to small private investors. LEPOs ( below) can serve as an equivalent, while contracts for difference (CFDs) offered by third-party providers are another alternative.
In September 2008, ASIC suspended nearly all forms of short selling due to concerns about market stability in the ongoing global financial crisis. [1] [2] The ban on covered short selling was lifted in May 2009. [3]
Options on leading shares are traded on the ASX, with standardised sets of strike prices and expiry dates. Liquidity is provided by market makers who are required to provide quotes. Each market maker is assigned two or more stocks. A stock can have more than one market maker, and they compete with one another. A market maker may choose one or both of:
In both cases there is a minimum quantity (5 or 10 contracts depending on the shares) and a maximum spread permitted.
Due to the higher risks in options, brokers must check clients' suitability before allowing them to trade options. Clients may both take (i.e. buy) and write (i.e. sell) options. For written positions, the client must put up margin.
A Low Exercise Price Option (LEPO) is a European-style call option with a low exercise price of $0.01 and a contract size of 1000 shares to be delivered on exercise. LEPOs are traded on margin, and a trader may take a long or short position. Market makers ensure continuous price quotations.
LEPOs work like a futures contract. Being European-style, they cannot be exercised until expiry. The premium is practically the whole share price, and a trader only posts margin, not the full price.
LEPOs were introduced in 1994, in response to the Sydney Futures Exchange offering futures over individual ASX shares. Regulations at the time prevented the ASX offering futures contracts, hence the LEPO form. Presently LEPOs are available on 47 leading stocks.
The ASX interest rate market is the set of corporate bonds, floating rate notes, and bond-like preference shares listed on the exchange. These securities are traded and settled in the same way as ordinary shares, but the ASX provides information such as their maturity, effective interest rate, etc., to aid comparison.
The Sydney Futures Exchange (SFE) – now a part of the ASX – was the 10th largest derivatives exchange in the world, providing derivatives in interest rates, equities, currencies and commodities. It provided futures and options on the four most actively traded markets - interest rates, equities, currencies and commodities including wool and cattle. Its most active products are: clarification needed
The ASX trades futures over the ASX 50, ASX 200 and ASX property indexes, and over grain, electricity and wool. Options over grain futures are also traded.
Futures are traded on DTP, the Derivatives Trading Platform (also known as CLICK).
ASX's Schools' Sharemarket Game provides school students with the opportunity to hypothetically invest $50,000 in the stock exchange. Students buy and sell shares at current market prices and track the progress of their investments over a ten-week period. [4]
The Australian Securities and Investments Commission (ASIC) regulates the ASX with an element of self-regulation, creating "co-regulation". There are at least 20 examples of co-regulation:
Lawson m ( talk) 05:29, 28 September 2010 (UTC)MAREE
Generally, the way to fix these thigns is to bring them up-to-date rather than delete them, unless the section is considered of no help to the article (and I think there are some that do fit that description and which I will delete). Specifics:
MAREE - The suggestions were partly for brevity and to bring the page more inline with what's covered on overseas exchanges. But mainly because the information was out of date and therefore could be misleading.
MAREE - alternative text:
ASX executes over 10 million equity trades per month with an average daily value of A$5 billion. ASX also offers an increasingly diversified range of Futures and Options contracts. This year ASX launched ASX Trade™ a NASDAQ OMX ultra-low latency trading platform based on NASDAQ OMX’s Genium INET system. http://www.asx.com.au/professionals/asx_trade/index.htm
The replacement for ITS (formerly SEATS) is due to go live in November 2010.
MAREE - I will source something usefl and get back to you
MAREE - LEPOS aren't traded any longer
MAREE - our preference was to direct people to the most up to date source on our website and again for brevity. You have descriptions for some products and not others. We can check this content for accuracy if you plan to keep it. Link to all products http://www.asx.com.au/products/index.htm
MAREE - we trade Futures but the product range is so much more extensive - on our website. They aren't traded on Click any longer though.
MAREE - thanks very much for your help. Personally I would keep the Game there but change it to show that we have 2 games a year for secondary schools children and 2 for adults. It was just the preference from my manager to shorten the text on the page by removing the Game. Up to you. http://www.asx.com.au/resources/education/games/index.htm
Hope you will respond to these queries. hamiltonstone ( talk) 05:52, 28 September 2010 (UTC)
Maree Lawson 28 September 2010 at 4:49
References
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No addresses are shown in the article, however a number of the images show past and present buildings. At The ASX Site is a list of locations of the Exchange. Would it be appropriate to show a list of locations in the article? Collywolly ( talk) 11:31, 2 May 2019 (UTC)
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I found some lovely data on a Wikinvest.com page covering the ASX. Would it be useful to this article? - Vikramparsani ( talk) 06:36, 28 October 2008 (UTC)
2004 [1] | 2005 [2] | 2006 [3] | 2007 [4] | |
Number of Listed Companies | 1,583 | 1,714 | 1,829 | 1,998 |
Domestic Market Capitalization (in $ million) | 776,403 | 804,015 | 1,095,858 | 1,298,315 |
Value of Shares Traded (in $ million) | 523,669 | 672,389 | 859,574 | 1,371,745 |
Average Daily Turnover (in $ million) | 2,054 | 2,668 | 3,411 | 5,422 |
Average Value of Trades (in $ thousand) | 27.8 | 26.7 | 23.2 | 20.8 |
New Capital Raised from Initial Public Offerings (in $ million) | 10,816 | 18,050 | 12,877 | 16,726 |
New Capital Raised from Secondary Public Offerings (in $ million) | 14,569 | 15,160 | 33,648 | 52,563 |
Number of Trading Days | 255 | 252 | 252 | 253 |
References
Wouldn't the ASX be regulated by the Australian Securities and Investments Commission (ASIC), not the ACCC.
Do you think its necessary to have AEDT? Suicup 12:34, 27 August 2006 (UTC)
ASX has changed from 'Stock' to 'Securities' as of 5/12/2006. I guess it needs to be changed, but I'm too hack to know what to do. Boardumb 13:33, 13 December 2006 (UTC)
© ASX Limited ABN 98 008 624 691
The Australian Securities Exchange operates the Australian Stock Exchange and the Sydney Futures Exchange and facilitates trading in securities and derivatives such as shares, futures, options and warrants. ASX also provides market data, for example share prices, and related information including stock market announcements and market education.
Logo was recently changed from gif to png image, which is good. Unfortunately the png was an outdated logo (ie. it said Australian Stock Exchange not Australian Securities Exchange) so I have changed it back. This means unfortunately that it is still a gif rather than a png image which would be preferable. Orizon 07:45, 11 September 2007 (UTC)
As per title. CFD's started trading on 5th. Nov. 2007. Cheers, Todd —Preceding unsigned comment added by 202.168.119.78 ( talk) 05:47, 10 November 2007 (UTC)
All Wikipedia Visitors should be able to decide whether to use any relevant external links; that decision should not be made for them by other Wikipedia Editors. I had entered an external link (details below) but it was removed by other Editors without consultation, even though registration is not required and access is Free to the results of detailed Technical Analysis of all the constituents of S&P / ASX 50 AFLI Index. If you consider that the external link may be of interest to other Visitors, please add it to the Main page.
To access the removed external link, click on the ‘History’ tab then click to view Revision 236129688 23:37, 3 September 2008 by TechAnalysis. Scroll to ‘External Links’ section and click on the removed link.
TechAnalysis ( talk) 15:40, 25 September 2008 (UTC)
I've created Category:Companies formerly listed on the Australian Securities Exchange, similar to the one already existing for the New York Stock Exchange. My primary reason was to be able to destinguish mining companies formerly listed on the ASX from the ones still listed there. Hopefully, the delisted companies will slowly now be migrated from the active category. Calistemon ( talk) 05:59, 12 January 2010 (UTC)
http://en.wikipedia.org/wiki/List_of_stock_exchanges Toronto is 8th and there are 3 others (Madrid, Frankfurt, Bombay) that are smaller than Toronto and bigger than ASX. —Preceding unsigned comment added by Grmike ( talk • contribs) 05:53, 24 January 2010 (UTC)
for example add this
Market Supervision
On 1 August 2010 responsibility for the supervision of real-time trading on Australia’s domestic licensed financial markets and the supervision of the conduct by participants (including the relationship between participants and their clients) on those markets transferred to ASIC.
ASX retained responsibility for ensuring participants admitted to its market comply with its operating rules. The new arrangements did not change ASX’s existing oversight of listed entities or the obligations on ASX’s clearing and settlement facility operators.
ASX retained a subsidiary company to fulfil the obligations of each of he licensed entities in the ASX Group to monitor and enforce compliance with the ASX operating rules after the transfer. The name of the subsidiary was changed to ASX Compliance, as the previous name - ASX Markets Supervision - no longer properly described the subsidiary’s role within the ASX Group or ASX’s ongoing obligations.
BUT I ALSO want to delete old sections —Preceding unsigned comment added by Lawson m ( talk • contribs) 01:22, 27 August 2010 (UTC)
ASX Group can be described as a multi-asset class and vertically integrated exchange group. Its activities include primary and secondary market services, including the raising, allocation and hedging of capital flows, trading and price discovery (Australian Securities Exchange); central counterparty risk transfer (via subsidiaries of ASX Clearing Corporation); and securities settlement for both the equities and fixed income markets (via subsidiaries of ASX Settlement Corporation). [1]
That depends on whether you think it should be structured in a particular way. It also depends on whether other editors will need it explained so that they put it in the correct place (from your point of view). If you don't have a view, then just put it here and other editors may work it out, or will post questions here if they want your opinion. Pls don't forget what i said on your talk page about the need for sources though. Editors are not likely to be happy if you only propose text but don't offer the sources for it as well. Cheers, hamiltonstone ( talk) 02:20, 27 August 2010 (UTC)
Hi, our process was to review the data in terms of accuracy, current relevance and to best explain our organisation. The people involved in the review included the Head of Education, Manager Corporate Relations and our legal department. Where the most up-to-date information was on our site - we thought it would be appropriate to point there rather than duplicate material. We also tried to keep it in line with the information presented on Wiki for other exchanges. If there is too much detail, it can get out of date quickly. Sorry if I get some of the coding wrong relating to hyperlinks.
DELETIONS: Market Details - we propose that this text is updated & placed in the first few paragraphs (see below). Much of the data in this area is out of date e.g. number of stocks listed, market cap and turnover etc. Dominant broker info is out of date.
Trading system - This section is confusing I agree. It is extremely out of date. The SEATS trading platform is long gone and yet it is referred to as if it was still in existence. We recommend removing this section.
Settlement - we recommend remove this section for brevity. It is accurate if you decide to maintain it.
Short selling - out of date e.g. mentions SEATS. Ideally we would remove this section, however if you are looking for up-to-date info, here are some options:
Alternatives include: ASX makes available a daily gross short sale report. [2]
ASX Market rules on short selling [3]
What is securities lending? [4]
ASIC is now responsible for regulation of the market. They have some good info on Short Selling e.g. http://www.fido.gov.au/fido/fido.nsf/byheadline/Short+selling+-+what+is+it+anyway%3F?openDocument
Options, Warrants, LEPOs, IRS, Futures etc. - People will find the most up-to-date info on these products in terms of explanations and how to trade on the ASX website. We suggest that links be placed to their respective product pages on www.asx.com.au (see below replacement text). This way they are also up-to-date because again the Warrants section mentions they are traded on SEATS - and SEATS has been gone as a trading system for many years.
Schools' Sharemarket Game - We recommend removing this section because it stands alone i.e. it's the only Education product mentioned and it also only mention our Schools Game, when we actually run 2 for the public each year as well.
ASX Limited - There is duplication between the 2 boxes on the right hand side e.g. Type, website (see below). We suggest they be combined and information that changes regularly be removed e.g. market cap, numbers of listings, revenue.
The pictures throughout the page are great.
The text that I place here is our suggested replacement text:
ASX Limited box Some of this data is out of date e.g. revenue, employees, Eric Mayne is about to leave. We propose the following:
Type Stock exchange (ASX: ASX) [5]
Founded 1987, but dating back to 1861 Headquarters Sydney, Australia Key people Key people [6] Industry Securities markets Website [7]
Australian Securities Exchange (ASX) The Australian Securities Exchange (ASX) was created by the merger of the Australian Stock Exchange and the Sydney Futures Exchange in July 2006. It is the primary exchange group in Australia.
On 1 August, ASX launched a new brand and group structure. ASX Group became the overarching name, replacing Australian Securities Exchange, which remains as the name of the listings and trading arm of the ASX Group. [8]
ASX Group can be described as a multi-asset class and vertically integrated exchange group. Its activities include primary and secondary market services, including the raising, allocation and hedging of capital flows, trading and price discovery (Australian Securities Exchange); central counterparty risk transfer (via subsidiaries of ASX Clearing Corporation); and securities settlement for both the equities and fixed income markets (via subsidiaries of ASX Settlement Corporation).
ASX offers a broad array of products and services including shares; futures, exchange traded options, warrants, contracts for difference, exchange traded funds, real estate investment trusts, listed investment companies and interest rate securities. [9]
ASX functions as a market operator, clearing house and payments system facilitator. It oversees compliance with its operating rules, promotes standards of corporate governance among Australia’s listed companies and helps to educate retail investors.
ASX offers a range of educational materials relating to its products including free online courses. [10]
ASX operates two trading, clearing and settlement platforms, one for equity and related equity derivative products traded on an integrated trading platform between the hours of 10:00am and 4:00pm (AEST); and one for a suite of interest rate, equity index and commodity futures (and options on futures) products as well as Contracts For Difference (CFD), traded on a globally distributed 24 hour platform.
Monitoring and enforcement of compliance with its operating rules is performed by its wholly-owned subsidiary, ASX Compliance. [11]
Operations of the ASX Group are regulated by the Australian Securities and Investments Commission (ASIC) which regulates all trading venues and clearing and settlement facilities, and supervises ASX’s own compliance as a listed public company. The Reserve Bank of Australia (RBA) also provides oversight in relation to compliance with financial stability standards for ASX’s central counterparties and securities settlement facilities.
History The exchange began as six separate exchanges established in the state capitals Melbourne (1861), Sydney (1871), Hobart (1882), Brisbane (1884), Adelaide (1887) and Perth (1889). [12] A further exchange in Launceston merged into the Hobart exchange.
The first interstate conference was held in 1903 at Melbourne Cup time. The exchanges then met on an informal basis until 1937 when the Australian Associated Stock Exchanges (AASE) was established, with representatives from each exchange. Over time the AASE established uniform listing rules, broker rules, and commission rates.
The ASX (Australian Stock Exchange Limited) was formed in 1987 by legislation of the Australian Parliament which enabled the amalgamation of six independent stock exchanges that formerly operated in the state capital cities. After demutualisation the ASX was the first exchange in the world to have its shares quoted on its own market. The ASX was listed on 14 October 1998.
On 7 July 2006 the Australian Stock Exchange merged with SFE Corporation, holding company for the Sydney Futures Exchange.
Timeline of significant events - suggest we replace all of the entries there currently and point to this table: http://www.asx.com.au/about/asx/history/history_ASX.htm
Market Supervision On 1 August 2010 responsibility for the supervision of real-time trading on Australia’s domestic licensed financial markets and the supervision of the conduct by participants (including the relationship between participants and their clients) on those markets transferred to ASIC.
ASX retained responsibility for ensuring participants admitted to its market comply with its operating rules. The new arrangements did not change ASX’s existing oversight of listed entities or the obligations on ASX’s clearing and settlement facility operators.
ASX retained a subsidiary company to fulfil the obligations of each of he licensed entities in the ASX Group to monitor and enforce compliance with the ASX operating rules after the transfer. The name of the subsidiary was changed to ASX Compliance, as the previous name - ASX Markets Supervision - no longer properly described the subsidiary’s role within the ASX Group or ASX’s ongoing obligations.
See Also
References
Lawson m ( talk) 00:05, 30 August 2010 (UTC) Maree Lawson ASX 200 CEOs 2017 — Preceding unsigned comment added by 218.185.239.62 ( talk) 00:37, 6 December 2017 (UTC)
Thanks Maree. It is rather difficult to follow some of your above proposals, due to the lack of formatting, indenting etc. It would help if you checked out how to do layout that sort of stuff: for headings, see WP:LAYOUT. Indentation can be achieved just using colons - the more colons, the deeper the indentation. I have made some changes based on some of what i could decipher from your text. At this stage I would oppose removing the timeline. Eventually, key dates should be translated into prose, but I think it is better to leave it there for now, unless you believe any of the entries are actually incorrect. While it seems to make sense to combine those two infoboxes, I'm pretty sure we can't, the reason being that one follows the template for exchanges, while the other is providing info on the ASX as a company. There is a potentially bigger issue here: whether there should be two completely separate articles, one about the exchange and one about the company. But that's better avoided for the moment i think :-) I've got to go for now. I'll try and get back to this another time (as may other editors). If you are able to supply references for any of the existing uncited text, (without changing the text), I recommend going ahead and inserting them in the article, and just leaving a note here on the talk page that you've done it. We also need to find a more up-to-date market turnover figure than that for 2004, if you can point us to one. hamiltonstone ( talk) 01:54, 30 August 2010 (UTC)
References
Hi
these are the areas we recommend for deletion as they are out of date:
Brokers that dominate market share in Australia (in decreasing order) include
Macquarie Bank,
Goldman Sachs JBWere,
UBS,
Citigroup,
Merrill Lynch,
CSFB,
Deutsche Bank,
ABN AMRO,
CommSec and
Morgan Stanley. Retail investors account for around 20% of market turnover. Market ownership is broken down as 30% institutional, 40% foreign, 30% retail.
citation needed
![]() | This section may be
confusing or unclear to readers. (December 2009) |
Since 2 October 2006, trading of shares, warrants, fixed-interest securities and company-issued options and rights has been conducted on the Click-XT system, also known as the Integrated Trading System (ITS). The Integrated Trading System processes more transactions per second than the older Stock Exchange Automated Trading System (SEATS), and allows multi-order transactions (up to 5 orders per transaction). clarification needed SEATS was an all-electronic order matching system, based on time and price priority, and accepted market orders (to buy or sell at market price) or limit orders (to buy at no more than a given price, or to sell at no less than a given price).
Short selling of shares is permitted on the ASX, but only among designated stocks and with certain conditions:
Many brokers do not offer short selling to small private investors. LEPOs ( below) can serve as an equivalent, while contracts for difference (CFDs) offered by third-party providers are another alternative.
In September 2008, ASIC suspended nearly all forms of short selling due to concerns about market stability in the ongoing global financial crisis. [1] [2] The ban on covered short selling was lifted in May 2009. [3]
Options on leading shares are traded on the ASX, with standardised sets of strike prices and expiry dates. Liquidity is provided by market makers who are required to provide quotes. Each market maker is assigned two or more stocks. A stock can have more than one market maker, and they compete with one another. A market maker may choose one or both of:
In both cases there is a minimum quantity (5 or 10 contracts depending on the shares) and a maximum spread permitted.
Due to the higher risks in options, brokers must check clients' suitability before allowing them to trade options. Clients may both take (i.e. buy) and write (i.e. sell) options. For written positions, the client must put up margin.
A Low Exercise Price Option (LEPO) is a European-style call option with a low exercise price of $0.01 and a contract size of 1000 shares to be delivered on exercise. LEPOs are traded on margin, and a trader may take a long or short position. Market makers ensure continuous price quotations.
LEPOs work like a futures contract. Being European-style, they cannot be exercised until expiry. The premium is practically the whole share price, and a trader only posts margin, not the full price.
LEPOs were introduced in 1994, in response to the Sydney Futures Exchange offering futures over individual ASX shares. Regulations at the time prevented the ASX offering futures contracts, hence the LEPO form. Presently LEPOs are available on 47 leading stocks.
The ASX interest rate market is the set of corporate bonds, floating rate notes, and bond-like preference shares listed on the exchange. These securities are traded and settled in the same way as ordinary shares, but the ASX provides information such as their maturity, effective interest rate, etc., to aid comparison.
The Sydney Futures Exchange (SFE) – now a part of the ASX – was the 10th largest derivatives exchange in the world, providing derivatives in interest rates, equities, currencies and commodities. It provided futures and options on the four most actively traded markets - interest rates, equities, currencies and commodities including wool and cattle. Its most active products are: clarification needed
The ASX trades futures over the ASX 50, ASX 200 and ASX property indexes, and over grain, electricity and wool. Options over grain futures are also traded.
Futures are traded on DTP, the Derivatives Trading Platform (also known as CLICK).
ASX's Schools' Sharemarket Game provides school students with the opportunity to hypothetically invest $50,000 in the stock exchange. Students buy and sell shares at current market prices and track the progress of their investments over a ten-week period. [4]
The Australian Securities and Investments Commission (ASIC) regulates the ASX with an element of self-regulation, creating "co-regulation". There are at least 20 examples of co-regulation:
Lawson m ( talk) 05:29, 28 September 2010 (UTC)MAREE
Generally, the way to fix these thigns is to bring them up-to-date rather than delete them, unless the section is considered of no help to the article (and I think there are some that do fit that description and which I will delete). Specifics:
MAREE - The suggestions were partly for brevity and to bring the page more inline with what's covered on overseas exchanges. But mainly because the information was out of date and therefore could be misleading.
MAREE - alternative text:
ASX executes over 10 million equity trades per month with an average daily value of A$5 billion. ASX also offers an increasingly diversified range of Futures and Options contracts. This year ASX launched ASX Trade™ a NASDAQ OMX ultra-low latency trading platform based on NASDAQ OMX’s Genium INET system. http://www.asx.com.au/professionals/asx_trade/index.htm
The replacement for ITS (formerly SEATS) is due to go live in November 2010.
MAREE - I will source something usefl and get back to you
MAREE - LEPOS aren't traded any longer
MAREE - our preference was to direct people to the most up to date source on our website and again for brevity. You have descriptions for some products and not others. We can check this content for accuracy if you plan to keep it. Link to all products http://www.asx.com.au/products/index.htm
MAREE - we trade Futures but the product range is so much more extensive - on our website. They aren't traded on Click any longer though.
MAREE - thanks very much for your help. Personally I would keep the Game there but change it to show that we have 2 games a year for secondary schools children and 2 for adults. It was just the preference from my manager to shorten the text on the page by removing the Game. Up to you. http://www.asx.com.au/resources/education/games/index.htm
Hope you will respond to these queries. hamiltonstone ( talk) 05:52, 28 September 2010 (UTC)
Maree Lawson 28 September 2010 at 4:49
References
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No addresses are shown in the article, however a number of the images show past and present buildings. At The ASX Site is a list of locations of the Exchange. Would it be appropriate to show a list of locations in the article? Collywolly ( talk) 11:31, 2 May 2019 (UTC)
There is a move discussion in progress on Talk:ASX which affects this page. Please participate on that page and not in this talk page section. Thank you. — RMCD bot 01:48, 18 September 2020 (UTC)