Functioning primarily as a market operator, clearing house and settlement system facilitator, ASX also oversees compliance with its operating rules, promotes standards of corporate governance among Australia’s listed companies and helps to educate retail investors.
As a multi-asset class, vertically-integrated exchange, ASX provides opportunities at every stage of the market services value chain. Its activities span primary and secondary market services, including capital formation, capital allocation and hedging, trading and price discovery (Australian Securities Exchange); central counterparty risk transfer (ASX Clearing Corporation); and securities settlement for both the equities and fixed income markets (ASX Settlement Corporation).
ASX services a diverse domestic and international customer base, including issuers (such as corporations and trusts) of a variety of listed securities and financial products, investment and trading banks, fund managers, hedge funds, commodity trading advisers, brokers and proprietary traders, market data vendors and retail investors.
ASX relies on the work of its wholly owned subsidiary, ASX Compliance, to provide the monitoring and enforcement of operating rules. By providing systems, processes and services needed for a fair, orderly and transparent market, ASX inspires confidence in the markets. Such strict quality assurance is integral to ASX's long-term commercial success.
Confidence in ASX is further reinforced by the Australian Securities and Investments Commission’s (ASIC) regulation across all trading venues and clearing and settlement facilities, as well as through the financial system stability oversight conducted by the Reserve Bank of Australia (RBA). ASIC also supervises ASX Group’s own compliance as a listed public company.