What is the main role of the Australian Stock Exchange?
What is the main role of the Australian Stock Exchange? ASX is an integrated exchange offering listings, trading, clearing, settlement, technical and information services, technology, data and other post-trade services. It acts as a market operator, clearing house and payments system facilitator. How does the ASX affect business? ASX is Australia's largest stock exchange allowing companies and trusts to issue securities (such as shares) to the general public in order to raise funds (to set up a new business or expand an existing business). Once listed on ASX, investors can trade their securities. ASX provides an electronic trading system. What...