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Allgemeine Informationen
Börsenname Australian Securities Exchange
Börsensitzung 10:00 Uhr bis 16:00 Uhr Ortszeit; 00:00 - 06:00 Uhr (MEZ)
Versammlungsart Parkettbörse (Präsenzbörse)
Börsenart geregelte Finanzbörse
Kursnotiz Stücknotiz (Aktien)
Börsenwährung Australischer Dollar
Limitarten Betrag
Bestens
Mögliche Limitzusätze -
Mögliche Gültigkeiten max. 360 Tage
Valuta Schlusstag + 3 Werktage

Börsenfeiertage

An folgenden Tagen findet kein Börsenhandel statt. Bitte beachten Sie, dass sich manche Feiertage vom Datum her verschieben können.
 

Datum Feiertag
1. Jänner New Year's Day
26. Jänner Australischer Feiertag
22. April Karfreitag
25. April Ostermontag
13. Juni Feiertag zu Ehren der Königin
26. Dezember 2. Weihnachtsfeiertag

Bitte beachten Sie auch die Orderrichtlinien!

MARKETS:

Australian Securities Exchange
Exchange Centre 20 Bond Street
Sydney, NSW 2000 Australia
Telephone: 61 2 9 235 0056
Email: info@asx.com.au
1) Exchange Web Page

HOURS:

7am to 10am Pre-Opening
10am to 10:09am Opening
10am to 16pm Normal trading
16pm to 16:10pm Pre-Opening prior to Closing
16:10pm to 16:12pm Closing Single Price Auction
16:12pm to 18:50pm After Hours Adjustment

Branch exchanges are located in Melbourne, Perth, Adelaide, Hobart and Brisbane.

PRICING FREQUENCY:
Bloomberg receives prices for Australian stocks through a feed from the Stock Exchange. Stocks are quoted in Australian Dollars. For pricing frequency information, type EXCH (Go).

TRADING SYSTEM:
On October 19, 1987 the ASX introduced an automated trading system called SEATS on a trial basis. Since October 1990, all equity securities have been trades on SEATS. In addition to automatic execution, SEATS diplays the depth of the market, print details of each trade as executed, recall details of bids, offers and trades. SEATS also provides market inquiry and monitoring of selected stocks.

SETTLEMENT & TRANSFER:
Dealing is on a broker-to-broker basis with no intermediary.

CHESS provides fully automated transfer and settlement. Settlement is T+3. Phase two began in August 1996 and allows “delivery-versus-payment” which allows the irrevocable exchange of good title to securities for cleared funds. Bonds settle on a T+3 basis.

The address for CHESS is:
PO Box H224, Australia Square
Sydney, NSW 2000
Phone: 011-61-2-227-0000
Fax: 011-61-2-251-4071

TYPES OF SECURITIES:
Common shares are most often traded on the Australian Exchange. Other shares traded include: contributing shares, (partially paid), preference, and LEPO´s (low exercise price options). Warrants types include capital plus, endowment, installment, gold and index.

LISTING REQUIREMENTS:
The Australian Securities Exchange Listings Requirements require listed companies to promptly announce share price-affecting events, including profits, dividends, takeovers and merges and appointment and dismissal of directors. Non-mining companies are required to submit a semiannual report to their home exchanges no later than three months after the end of the period. Mining companies must file a report of production, development, exploration and expenditure activities no later than one month past the end of each quarter. Companies involved in petroleum exploration must file weekly until drilling is completed. Please see BASA (Go) for more information.

COMMISION ON SECURITY SALES:
Brokerage rates are negotiable. Many brokers charge 2-2.5% for private client business of less than AUD 10,000. Most brokers charge a minimum of AUD 30-120. For Institutional clients the rate falls to as little as 0.3%. As of July 1, 2001, the .15% stamp duty on trades on marketable securities was abolished.

TAX IMPLICATIONS:
Australian companies use an imputation system for taxing dividends.

Dividends of companies that pay sufficient Australian tax carry a tax credit for resident shareholders. These type of dividends are called franked dividends. Fully franked dividends paid to nonresidents are not subject to withholding tax. Unfranked dividends are subject to a 30% witholding tax. This rate is generally reduced to 15% for countries that have a tax treaty with Australia. Non-residents are not eligible to receive a refund of the imputation credits attached to the dividends. Non-residents generally pay a 10% witholding tax on interest.

UNRESTRICTED MARKET:
Long: Cash Equity, Swaps
Short: Cash Equity, Swaps

LIMITATIONS:
Short selling permitted if borrow is confirmed and can only be executed at the last transacted price (or higher)

Short sale is prohibited if the trading participant is a party to the last reported sale (exemption: bona fide arbitrage transactions)

TRADING NOTES:
Around 10% of volume is trades in first 10 minutes, with a linear profile for the rest of the day.

Opening and closing prices are determined by a four step, conditional decision rule process

Average bid/ask spread is 16.9 basis points

IMPLICATIONS FOR FOREIGN INVESTORS:
A foreign investor requires the approval of the Foreign Investment Review Board (FIRB) to purchase an Australian company in excess of 15%. In almost all chases permission is granted. There are other rules concerning the media, transportation and banking sectors.

INDICES:
Australian Index products provided by the ASX were revamped effective April 1, 2000. To see current performance of the most important S&P ASX Indices, run WEI 3(Go). To find a more complete list of S&P ASX Index products, rum IMOV 3(Go).

CONTRIBUTING SHARES:
A shareholder is legally liable to pay the call on a contributing share of a limited liability company on the date of the call. Shareholders may forfeit their holdings instead of paying the call on contributing shares in a no liability company on the date of the call.

GENERAL INFORMATION:
The Australian Securities Exchange (ASX) was established on April 1, 1987. The ASX converted the 6 Capital city stock exchanges into state subsidiaries of the ASX. These 6 capital city exchanges have been in existence since the late 1800´s. The options arm of the ASX, the AOM, has been in existence since 1976. On October 18, 1996, members of the ASX approved a plan to make the ASX the first publicly listed exchange in the world.

Supervisory body is a co-regulatory regime – ASX and the Australian Securities and Investments Commission

ASX Settlement and Transfer Corporation (ASTC) conducts depository and custodian services and is also the clearing and settlement organization.

CIRCUIT BREAKERS INFORMATION:
There is no Circuit Breakers applying to ASX