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 new DLT Settlement System is a replacement for CHESS that will make the clearing and settlement process quick, hassle-free and devoid of counterparty risks.
