25th Nov 2009 by Amelia Timbers
The ASX is Australia's version of the New York Stock Exchange; it is a large, national exchange that trades a variety of securities. THE ASX is both an exchange and a company itself, traded on its own exchange, that offers a variety of financial products. The ASX uses the S&P as a benchmark and mirror the S+P's financial weighting and sector allocation. The ASX monitors the companies listed on its exchange, but Australia's government monitors ASX. The ASX is highly regulated by the government and not all trading options available on US exchanges are available under the same rules on the ASX.
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