what is the australian securities exchange asx 
the australian securities exchange is headquartered in sydney australia the exchange in its current form was created through the merger of the australian stock exchange and sydney futures exchange in 2006 1 the asx acts as a market operator clearing house and payments facilitator it also provides educational materials to retail investors 2understanding the australian securities exchange asx asx is consistently ranked among the top exchanges globally other major exchanges include the tokyo stock exchange or tse the new york stock exchange nyse the nasdaq and the london stock exchange lse each exchange has specific listing requirements that include regular financial reports and minimum capital requirements for example in 2021 the nyse has a key listing requirement that stipulated aggregate shareholders equity for last three fiscal years of greater than or equal to 10 million a global market capitalization of 200 million and a minimum share price of 4 in addition for initial public offerings and secondary issuers must have 400 shareholders 3australian securities exchange asx and electronic tradingas with the majority of international exchanges asx s relies on a hefty data center to help connect it to leading financial hubs and facilitate electronic trading electronic trading gained strong traction with nyse s 2005 acquisition of rival market the archipelago exchange a fully electronic exchange that listed new and fast growing companies nyse arca was the new name following the acquisition cybersecurity is an increasing concern as exchanges become more interconnected via the internet asx and educationthe australian securities exchange has a strong emphasis on educating visitors to its website the investing public and current and potential listers for example for first time investors asx offers free resources for understanding the public markets exploring different asset classes and developing a personal investment strategy visitors can download a series of tutorials and guidebooks in addition asx offers a game version of trading where players do not have to risk real money instead they can learn the basics in a risk free environment 