Australian Exchange Stock
The Australian Stock Exchange ( ASX ) is principal the Bourse Australia nne. All its transactions are done electronically.
It began its activities in 1871 as a Société from the Crown. Today, it is a company with open capital.
The most important companies compromised on the ASX are BHP Billiton, Telstra and National Australia Bank. The mining companies constitute largest leaves capitalization, whereas the manufacturing companies are definitely represented.
The principal Market index is S&P/ASX 200, consituté of 200 more important capitalizations of the ASX. This index replaced, without eliminating it, the preceding index All Ordinaries , which is always published. The first 50 titles find in S&P/ASX 50.
ASX is a company with open capital which one can even compromise with the purse. However, the capital is restricted in such way that a shareholder cannot hold a significant portion of it. Although ASX is used as committee of regulation for the listed companies, it cannot autoréguler. It is rather the Australian Securities and Investments Commission (ASIC) which carries out this task.
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