ASX is Australia's primary securities exchange.
The Australian Securities Exchange (ASX, sometimes referred to outside Australia as the Sydney Stock Exchange) is Australia’s primary securities exchange. It is owned by the Australian Securities Exchange Ltd, or ASX Limited, an Australian public company. Prior to December 2006 it was known as the Australian Stock Exchange, which was formed on 1 April 1987, incorporated under legislation of the Australian Parliament as an amalgamation of the six state securities exchanges. It merged with the Sydney Futures Exchange in 2006.
Today, ASX has an average daily turnover of A$4.685 billion and a market capitalisation of around A$1.9 trillion, making it one of the world’s top 15 listed exchange groups.
The Australian Securities and Investments Commission (ASIC) has filed a lawsuit against the country’s leading stock exchange, the ASX, alleging it made “misleading and deceptive” statements regarding its failed blockchain project in 2022.
Lisa Wade, CEO of DigitalX, believes the launch of their Bitcoin ETF “will attract new entrants into the market and ultimately allow institutions to include Bitcoin and digital assets into strategic asset allocations”.
Andrew Campion, GM of Investment Products and Strategy at ASX, said trading Bitcoin via an ETF on ASX allows Australians to use traditional brokerage accounts, simplifying the investment process for Australians.
