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.
Currency: Australian Dollar (AUD)
Time Zone: UTC+10 (+11)
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 Corporate Overview page.
|Price Range||Tick Size|
|Up to 10c||0.1c|
|10c up to $2.00||0.5c|
|$2.00 up to $99,999,999.00||1c|
The opening auction procedure begins at 10:00 AM and lasts for about 10 minutes. The reason for this is that stocks are divided into 5 groups which open sequentially, as follows:
For a detailed description of how the opening price is calculated, see the Procedures document.
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:
1. Pre-CSPA (16:00 - 16:10): During this period:
2. CSPA (Closing Single Price Auction) (16:10-16:12 - random time +/- 60 seconds): During this period:
Order Types: traders can enter Limit, Market, and Market-on-Close orders to participate in the auction.
The following are external sources for reference about the Australian equities markets.