We have compiled a beginners guide to the stock market on topics from how the market works to profiting from the market to selecting a broker. If you want to get started investing or trading the easy way click on the link below to read the full guide.
So what exactly is the ASX? Well ASX stands for Australian Securities exchange and is the world recognised trademark. It is ranked about the 8th largest exchange in the world by market capitalization and currently trades approximately 500 000 trades a day. Because of conflicts of interest the Exchange cannot regulate itself so this job is given the the Australian Securities And Investment Commission (ASIC)
Why would a company want to be publicly listed and follow the myriad of rules that a publicly listed company has to follow? Well there are many advantages of becoming a publicly listed company but the reason most company's go public is to raise capital for growth. When a company first raises money and goes public to get their business off the ground this is called a float.
For more information or to go to the ASX website click here
Australian Stock Exchange History.
Looking for information on the Australian Stock Exchange ASX? The Australian Securities Exchange or ASX was formed in 1987 by legislation of the Australian Parliament which enabled the running of six independent stock exchanges that formerly operated in the state capital cities. Each of those exchanges had a history of share trading dating back to the 19th century.