A History of the ASX: From 19th Century Radio Broadcasts to a $2.3 Trillion Market Cap

The ASX as we know it today was created in July 2006, via a merger of the Australian Stock Exchange and the Sydney Futures Exchange.

The Australian Securities Exchange (ASX) is a vital part of the Australian financial landscape. It is where shares in Australian companies are bought and sold, and it plays a key role in the country's economy.

The ASX was created in its current form in July 2006, when the Australian Stock Exchange and the Sydney Futures Exchange merged. However, the history of the ASX goes back much further.

The first stock exchange in Australia was established in Sydney in 1871. It was followed by exchanges in Melbourne, Adelaide, Brisbane, Perth and Hobart. These exchanges operated independently until 1987, when they were merged to form the Australian Stock Exchange Limited.

The ASX was initially a not-for-profit organisation, but it was demutualised in 1998 and became a listed company on its own exchange. This change allowed the ASX to raise capital and invest in new technology and services.

The ASX has undergone a number of changes over the years, but its core function has remained the same: to provide a marketplace for the buying and selling of shares in Australian companies. The ASX is also responsible for setting and enforcing the rules that govern the conduct of participants in the Australian securities market.

The ASX is one of the world's leading stock exchanges, and it plays a vital role in the Australian financial system. It is a key barometer of the health of the Australian economy, and it provides a valuable service to investors and companies alike.

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