Man Australia founder and director buys Crown Limited
and Virgin Blue shares - 12th October 2009
Australian Securities Exchange (ASX) is the primary
stock exchange in Australia. The ASX began as separate
state-based exchanges established as early as 1861.
Today trading is all-electronic and the exchange is
a public company, listed on the exchange itself.
Australian Securities Exchange as it is now known
resulted from the merger of the Australian Stock Exchange
and the Sydney Futures Exchange in December 2006.
biggest stocks traded on the ASX, in terms of their
market capitalization, include BHP Billiton, Commonwealth
Bank of Australia, Telstra Corporation, Rio Tinto,
National Australia Bank and Australia and New Zealand
Banking Group. As at 31-Dec-2006 the three largest
sectors by market cap were financial services (34%),
commodities (20%) and listed property trusts (10%).
major market index is the S&P/ASX 200, an index
made up of the top 200 shares in the ASX. This supplanted
the previously significant All Ordinaries index, which
still runs parallel to the S&P ASX 200. Both are
commonly quoted together. Other indices for the bigger
stocks are the S&P/ASX 100 and S&P/ASX 50.
ASX is a public company, and its own shares are traded
on the ASX. However, the corporation's charter restricts
maximum individual holdings to a small fraction of
the ASX regulates other listed companies listed on
the ASX, it cannot regulate itself, and is regulated
by the Australian Securities and Investments Commission
current managing director Robert Elstone was appointed
in July 2006. Prior to the merger of ASX with the
Sydney Futures Exchange (SFE), Robert Elstone was
the CEO of the SFE. (Credit:
Small Scale Offerings Board Limited
Man Australia does not represent Australian Securities
Man Australia owns shares in
Limited, Virgin Blue and Telstra