A high-growth/low-inflation economy and robust political and economic institutions have helped Australia rank as the 14th largest economy in the world and the 4th largest in the Asia Pacific region.
ASX Group offers primary market and trading services through the Australian Securities Exchange, clearing through ASX Clearing Corporation and settlement and depository services through ASX Setttlement Corporation.
ASX Group recognises that its ability to achieve its commercial and operating goals is dependent upon the value its services deliver to customers. This section describes those services.
Underpinning ASX Group's long-term success as a market operator and provider of clearing and settlement services is its ability to reliably and fairly provide high-quality, high-performance systems and processes.
ASX Compliance oversees ASX Group's obligations as a market operator and clearing and settlement facility operator. This section contains all rules, notes and waivers pertaining to markets operated by ASX Group.
A searchable repository of documentation, speeches and announcements relevant to ASX shareholders, market participants, the media, and the general public.Companies & Issuers
Listing offers companies and issuers of securities:
- Access to Australia’s largest source of equity capital at a globally competitive cost
- An extensive and low-cost distribution platform across the Australian market and all major financial centres
- A place within the community of Australia’s leading companies
By participating in a fair, orderly and transparent market listed companies gain an objective, public measure of their company value and their cost of capital. This, in turn, provides a reliable reference price for further capital raising.
Build Exposure and Investor Confidence
Building investor confidence and the profile of listed companies is a core objective of ASX Group.
The company works to raise the profile of listed companies in a number of ways. Inclusion in the S&P/ASX market indices (for larger companies), investor presentations to local and international investors (for smaller companies), and making company information, announcements and prices available on its website, http://www.asx.com.au.
Listing a company with ASX can provide investors with a greater level of confidence in that company. For instance, ASX Listing Rules provide minimum financial and shareholder spread hurdles that companies must meet. The Listing Rules’ continuous disclosure requirements also ensure a level of transparency in relation to significant strategic, operational and financial events that most companies experience over their lifetime.
The ASX Corporate Governance Guidelines help provide more transparency in relation to the governance of ASX listed companies.
Listing on ASX grants companies:
- The right to use the ASX Group brand
- Access to ASX Group’s extensive domestic and offshore customer base
- Potential inclusion in leading market indices.
Efficient Settlement and Shareholder Administration
The true cost of capital raising includes more than the direct cost of equity. It includes the establishment of timely and reliable communications with the market and the efficient management of shareholders.
The ASX Group provides real-time dissemination of listed company announcements through its company announcement service ASX ComNews. ASX ComNews is distributed to all major news services, information vendors such as Bloomberg, Iress and Thomson/Reuters, and to a wide range of web sites to ensure broad coverage within Australia and globally. Company announcements are also available for private use, in real-time, on www.asx.com.au.
Companies and product issuers listed on ASX gain access to a highly efficient settlement environment provided by ASX Settlement Corporation. CHESS is widely recognised as an efficient service for settling trades and for maintaining an investor sub-register.
The ASX Group is also constantly working to meet its long term goal of increasing the level and sophistication of Australian share ownership through its investor outreach and education program.