Who Are the ASX?
By James Mcinnes

The share market in Australia is controlled by the ASX

The ASX or the Australian Securities Exchange was formed in 1987 after six independent stock exchanges that operated in the state capital cities were combined into one entity. The ASX demutualized in 1998; its shares trade on its own market.

The functions of the ASX are

1) Price discovery

2) Risk transfer and

3) Clearing, settlement and depository (for debt and equity markets).

The ASX also has several other functions. It supervises listed entities within the market and processes company announcements. It also issues annual price queries to listed companies and refers matters to ASIC each year to do with potential market manipulation, insider trading and continuous disclosure breaches.

In a trade execution it facilitates equity trades as well as futures and options trades The ASX watches over billions in daily settlements and holds billions of dollars of securities in safe custody.

Investors can feel safe when trading equities the ASX investors would be wise to visit there web site and study the information available. They have made continuous efforts over a number of years to improve their information and learning facilities on their web site.

Investors can also use their web site to get information on investing in companies' listed on the exchange. Daily price activity of any listed company is available as well as a host of information about every company listed on the exchange. This main source of information on this site, is a valuable resource for the investor trading shares in the short term or purchasing shares for the long term.

If you are starting out as a share market investor, spend some time on this site and learn all you can about investing in shares, and the share market in Australia

James McInnes is a professional share market trader and investment entrepreneur, with many years experience trading the Australian Share market. You can visit his site at http://www.i-tradeoptions.com/ for further information on trading the Australian Share Market

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