Differences

This shows you the differences between two versions of the page.

--- australia_securities_exchange [2018/03/07 10:52] – maya
+++ australia_securities_exchange [2024/04/19 10:40] (current) – hammed
@@ Line 1: / Line 1: @@
 ====== Australian Securities Exchange (ASX) ======
 The Australian Securities Exchange is Australia's primary securities exchange, sometimes referred to outside of Australia as the Sydney Stock Exchange. ASX is home to some of the world’s leading resource, finance, and technology companies.
@@ Line 6: / Line 7: @@
 Currency: Australian Dollar (AUD)
-[[http://www.asx.com.au/about/asx-trading-calendar-2018.htm | Holiday Calendar]]\\
+[[https://www2.asx.com.au/markets/market-resources/trading-hours-calendar/cash-market-trading-hours/trading-calendar | Holiday Calendar]]\\
-[[http://www.asx.com.au/about/trading-hours.htm | Trading Hours]]
+[[https://www2.asx.com.au/markets/market-resources/trading-hours-calendar/cash-market-trading-hours | Trading Hours]]
 ===== Trading Summary =====
-The ASX has opened up to competition in recent years, with the notable entry of Chi-X in execution venues.
-For more information about the ASX, see the [[http://www.asx.com.au/about/corporate-overview.htm|Corporate Overview]] page.
+For information about the ASX, see their official [[http://www.asx.com.au/about/corporate-overview.htm|Corporate Overview]] page.
-==== Lit Order Types ====
+==== Order Types ====
-  * Limit Buy/Sell->ShortSell
-  * Market Buy/Sell->ShortSell
-  * Market-on-Close Buy/Sell->ShortSell
-==== Dark Order Types ====
+  * Limit Day
-  * Limit Buy/Sell->ShortSell
+  * Fill or Kill (FOK)
-  * Market Buy/Sell->ShortSell
+  * Immediate or Cancel (IOC)
-  * Midpoint Pegged Buy/Sell->ShortSell
+==== Basic Market Rules ====
-==== Basic Market Rules ====
   * Lot Size: min. 1; max. 999,000,000
   * Tick Size: varies by price, as follows:
@@ Line 36: / Line 32: @@
   * Short Sale Rules: short sales must be declared and are only permitted where a locate for the shares has been obtained. Naked short selling is prohibited.
   * Circuit Breakers: although the ASX has not established fixed thresholds for circuit breakers or trading halts, trading in a company's shares may be halted from time to time for market-sensitive announcements or at the request of the company.
 ==== Auction Mechanisms ====
 === Open ===
 The opening auction procedure begins at 10:00 AM and lasts for about 10 minutes. Opening prices are calculated during this phase. Securities open in five groups, according to the starting letter of their ASX code:
@@ Line 47: / Line 46: @@
 === Close ===
 The closing price is defined by the following closing auction mechanism.
 **Auction** means an auction conducted in a Trading Platform in respect of Qualifying Bids or Offers pursuant to the following process:
-  * **a)** The Priority Bid is paired with the Priority Offer so that either the Bid or the Offer is fully  satisfied;
+  * **a)** The Priority Bid is paired with the Priority Offer so that either the Bid or the Offer is fully satisfied;
   * **b)** A new priority of Bids and Offers is established, deducting the quantity of Products paired under point a);
   * **c)** The pairing and re-establishment of priority set out in point a) and b) are repeated until the Priority Bid is below the Priority Offer;
   * **d)** All paired Bids and Offers are then matched at the Equilibrium Price;
   * **e)** Any Bids or Offers which have not been matched at the completion of the process described in point b) will be carried through to the next Session State
+**Note:** any order sent during the closing auction must be within 12% of the theoretical auction price. Otherwise, it will get cancelled automatically as a result of the exchange's fat finger check.
+**Note:** to put orders into market directly, the order price should not be away from the Match Price by more than 5%. Else, they breach price limit and orders will be rejected.
 **Auction Periods**
@@ Line 72: / Line 76: @@
   * No trades may be reported
-**Order Types:** traders can enter Limit, Market, and Market-on-Close orders to participate in the auction.
+**Order Types:** traders can enter a Limit orders to participate in the auction.
+===== ASX24 Futures =====
+ASX24 Futures are available for execution/send orders. Quotes are still available.
 ===== Additional Info =====
 ==== Financial News/Research ====
   * [[http://www.theaustralian.com.au/business | The Australian: Business Section]]
   * [[http://afr.com/business | The Australian Financial Review: Business Section]]