The Australian Securities Exchange (ASX) is the primary stock exchange in Australia. The ASX began as separate state-based exchanges established as early as 1861. Today trading is all-electronic and the exchange is a public company, listed on the exchange itself.The Australian Securities Exchange as it is now known resulted from the merger of the Australian Stock Exchange and the Sydney Futures Exchange in December 2006.
The biggest stocks traded on the ASX, in terms of their market capitalisation, include BHP Billiton, Commonwealth Bank of Australia, Telstra Corporation, Rio Tinto, National Australia Bank and Australia and New Zealand Banking Group. The ASX is a public company, and its own shares are traded on the ASX.
HOW TO START TRADING IN ASX:
First-time Investors: Starting in the sharemarket seems daunting to many people but in reality once you have learnt some basic information it is straight forward. Below is a step-by-step guide put together by our education experts to help you start investing.
1)Sign up with MyASX: MyASX is a collection of free sharemarket services. With MyASX you can play Sharemarket Games, create Watchlists, subscribe to monthly email newsletters, learn how to start and run an investment club and access free online classes.
To access these services, you must be registered.
2)Online education: Learning how to invest is an important skill. By working through these ASX classes you wil develop a base of knowledge that will help you understand how to invest and determine what might be a suitable investment for you.
Audio visual presentations - covers sharemarket fundamentals. Presentations run for a few minutes.
3) Research: Simple research involves things such as reading financial newspapers, considering world events and watching how markets and the price of individual companies react. Share trading and financial education seminars help new investors keep up to date with a variety of sharemarket topics.
4) Find a stockbroker: Once you have a basic understanding of how the market operates and an awareness of some companies you will need a stockbroker. There are a couple of things to consider before you start looking for a broker, such as how much money you would like to invest in the market or whether or not you will need help to decide which shares to invest in.Our Find a broker search engine allows you to select the products, services and types of investments you are looking to get from a broker.
Types of brokers:
Full service brokers
Offering advice on buying and selling securities, make recommendations, provide research and compile tailored investment plans. They typically charge a higher brokerage fee as a result of the advice and other services offered.
Accredited advisers are also available for options, warrants and futures.
Non-advisory brokers:
Offering no recommendations or advice regarding the appropriateness of your decision, hence their brokerage fees tend to be lower. This is an attractive option for investors confident in their sharemarket knowledge and trading decisions. They are typically either internet based or telephone based.
5)Monitor your investments: Once you have invested you will need to monitor the portfolio performance.Depending on your objectives you may monitor once a year or several times a day. Watchlists will help you keep track of the value of a number of shares and other securities quickly and easily.
Dividends:Your companies may also pay dividends from time to time. You may need details about the payments for tax purposes. Detailed dividend information is available from the Dividends pages.
6) Keep learning: Smart investors never stop learning. ASX classes, newspapers, television programmes, stockbroker research publications, company announcements are all good sources of information for investors.
ASX has a pre-market session from 07:00am to 10:00am AEST and a normal trading session from 10:00am to 04:00pm AEST.
Thursday, September 10, 2009
Friday, September 4, 2009
CANADA StockMarket
Canada's New Stock Exchange, known as CNSX, is an alternative stock exchange in Canada. The CNSX offers simplified reporting requirements and reduced barriers to listing. It is an alternative for microcap and emerging companies. It had been known as CNQ until the organization re-branded itself in November, 2008.
The CNSX is located in Toronto, Canada and maintains a branch office in Vancouver. Responding to the consolidation of stock exchanges in Canada, CNSX's founders identified the need for a low cost, streamlined stock exchange – with an extremely high standard of disclosure. CNSX's unique market model matches enhanced disclosure and streamlined issuer regulation with leading edge technology to meet the needs and characteristics of emerging companies, their investors and investment dealers. This model, combined with comprehensive regulatory oversight, provides an efficient new marketplace that fosters integrity, transparency and liquidity for trading equity securities.
Here is the information just to know the trading basics.
HOW TO START TRADING:
New Issuers: The web site makes it very easy for emerging companies to apply to CNSX. All the necessary Issuer forms and regulatory documents are available, for downloading in PDF format, from the site’s Issuer Info area. And consistent with our principles of openness and disclosure, all CNSX Issuer Policies are easily accessible, and downloadable, in PDF format. These Policies are designed to facilitate the ability of small-cap companies to list their securities for trading on CNSX's stock exchange. We have avoided unnecessary and overly burdensome requirements which, for many companies, can be a real impediment to conducting their own business. Once approved for listing on CNSX, all Issuers have direct access to manage their company web page in the Disclosure Hall through the use of a secure extranet service. For example, Issuers maintain an updated list of press releases, media announcements, capitalization info, etc. through their extranet connection.
Dealers: Investment dealers assisted in the development of the CNSX Trading Rules and the opportunities CNSX's market model provides for Market Makers. Market Makers are authorized dealers who are required to maintain liquidity by entering bids and offers for designated securities, to facilitate a continuous two-sided market. In this hybrid market model all orders are entered into a central limit order book for execution by the automated trading system.
CNSX’s trading rules and operational procedures are designed to ensure full price and time priority. In addition Market Makers receive order flow from non market makers and their clients, concentrating the available liquidity to facilitate active trading of junior stocks.
CNSX Approved Traders may apply to CNSX to become a Market Maker for any number of CNSX Issuer securities. Simply download the PDF Application and send it in; in most cases applications for Market Maker will be processed within 24 hours.
Investors:Investors and other interested members of the general public will appreciate the enhanced disclosure provided by Issuers as well as the functionality and capabilities provided by cnsx.ca.
Investors are able to follow their CNSX investments directly online through the Trading Summaries on the Home Page, or in the Market Activity area of the CNSX web site. Also, a stock search, by name or symbol, is easily accessible from any page on the web site. Users will also appreciate the Investor Info area of the site. This area is divided into three sections: Glossary of Terms; Investment Risk; Investor Education.
The Traders - Inside Canada's Stock Market
Gold Diggers of 1929 : Canada and the Great Stock Market Crash
The CNSX is located in Toronto, Canada and maintains a branch office in Vancouver. Responding to the consolidation of stock exchanges in Canada, CNSX's founders identified the need for a low cost, streamlined stock exchange – with an extremely high standard of disclosure. CNSX's unique market model matches enhanced disclosure and streamlined issuer regulation with leading edge technology to meet the needs and characteristics of emerging companies, their investors and investment dealers. This model, combined with comprehensive regulatory oversight, provides an efficient new marketplace that fosters integrity, transparency and liquidity for trading equity securities.
Here is the information just to know the trading basics.
HOW TO START TRADING:
New Issuers: The web site makes it very easy for emerging companies to apply to CNSX. All the necessary Issuer forms and regulatory documents are available, for downloading in PDF format, from the site’s Issuer Info area. And consistent with our principles of openness and disclosure, all CNSX Issuer Policies are easily accessible, and downloadable, in PDF format. These Policies are designed to facilitate the ability of small-cap companies to list their securities for trading on CNSX's stock exchange. We have avoided unnecessary and overly burdensome requirements which, for many companies, can be a real impediment to conducting their own business. Once approved for listing on CNSX, all Issuers have direct access to manage their company web page in the Disclosure Hall through the use of a secure extranet service. For example, Issuers maintain an updated list of press releases, media announcements, capitalization info, etc. through their extranet connection.
Dealers: Investment dealers assisted in the development of the CNSX Trading Rules and the opportunities CNSX's market model provides for Market Makers. Market Makers are authorized dealers who are required to maintain liquidity by entering bids and offers for designated securities, to facilitate a continuous two-sided market. In this hybrid market model all orders are entered into a central limit order book for execution by the automated trading system.
CNSX’s trading rules and operational procedures are designed to ensure full price and time priority. In addition Market Makers receive order flow from non market makers and their clients, concentrating the available liquidity to facilitate active trading of junior stocks.
CNSX Approved Traders may apply to CNSX to become a Market Maker for any number of CNSX Issuer securities. Simply download the PDF Application and send it in; in most cases applications for Market Maker will be processed within 24 hours.
Investors:Investors and other interested members of the general public will appreciate the enhanced disclosure provided by Issuers as well as the functionality and capabilities provided by cnsx.ca.
Investors are able to follow their CNSX investments directly online through the Trading Summaries on the Home Page, or in the Market Activity area of the CNSX web site. Also, a stock search, by name or symbol, is easily accessible from any page on the web site. Users will also appreciate the Investor Info area of the site. This area is divided into three sections: Glossary of Terms; Investment Risk; Investor Education.
The Traders - Inside Canada's Stock Market
Gold Diggers of 1929 : Canada and the Great Stock Market Crash
NewYork Stockmarket
New York Stock Exchange (NYSE) is the largest stock exchange in the world by United States dollar value of its listed companies' securities.As of October 2008, the combined capitalization of all domestic NYSE listed companies was US$10.1 trillion.The NYSE is operated by NYSE Euronext, which was formed by the NYSE's 2007 merger with the fully-electronic stock exchange Euronext.The New York Stock Exchange (sometimes referred to as "the Big Board") provides a means for buyers and sellers to trade shares of stock in companies registered for public trading. The NYSE is open for trading Monday through Friday between 9:30am – 4:00pm ET, with the exception of holidays declared by the Exchange in advance.
Closed-End Investment Companies (CEICs) were the dominant form of investment companies in the United States during the early part of this century, but interest
Greater than 50% of US households invest in the stock market, 70% are real estate owners, and virtually all participate in the broader financial markets. As med
For most Americans, a 401k plan is their first exposure to investing. Many of us are relying on the stock market to provide for us in our retirement yet at the same time, most of us are afraid of the stock market. It's a valid concern. How can something so important to our financial future be so completely unpredictable?pWhen Michael Alexander first started investing in the stock market, he noticed that few analysts seemed to have much knowledge of what the market has done in the past. While no one can give precise answers to questions about the future of the market and be right all the time, Alexander feels that it's possible to gain an understanding of the future of the stock market by studying its past.pAnalyzing years of historical data for patterns of behavior that might repeat in the future, Alexander provides strong statistical evidence for a cyclical pattern in the stock market. These Stock Cycles show that long periods of poor stock returns have always followed long periods of good returns.
Closed-End Investment Companies (CEICs) were the dominant form of investment companies in the United States during the early part of this century, but interest
Greater than 50% of US households invest in the stock market, 70% are real estate owners, and virtually all participate in the broader financial markets. As med
For most Americans, a 401k plan is their first exposure to investing. Many of us are relying on the stock market to provide for us in our retirement yet at the same time, most of us are afraid of the stock market. It's a valid concern. How can something so important to our financial future be so completely unpredictable?pWhen Michael Alexander first started investing in the stock market, he noticed that few analysts seemed to have much knowledge of what the market has done in the past. While no one can give precise answers to questions about the future of the market and be right all the time, Alexander feels that it's possible to gain an understanding of the future of the stock market by studying its past.pAnalyzing years of historical data for patterns of behavior that might repeat in the future, Alexander provides strong statistical evidence for a cyclical pattern in the stock market. These Stock Cycles show that long periods of poor stock returns have always followed long periods of good returns.
Wednesday, September 2, 2009
National Stock Exchange of India
The National Stock Exchange of India Limited (NSE), is a Mumbai-based stock exchange. It is the largest stock exchange in India in terms of daily turnover and number of trades, for both equities and derivative trading.[1]. NSE has a market capitalization of around Rs 47,01,923 crore (7 August 2009) and is expected to become the biggest stock exchange in India in terms of market capitalization by 2009 end.[2]Though a number of other exchanges exist, NSE and the Bombay Stock Exchange are the two most significant stock exchanges in India, and between them are responsible for the vast majority of share transactions. The NSE's key index is the S&P CNX Nifty, known as the Nifty, an index of fifty major stocks weighted by market capitalisation.
NSE is mutually-owned by a set of leading financial institutions, banks, insurance companies and other financial intermediaries in India but its ownership and management operate as separate entities[3]. There are at least 2 foreign investors NYSE Euronext and Goldman Sachs who have taken a stake in the NSE.[4] As of 2006, the NSE VSAT terminals, 2799 in total, cover more than 1500 cities across India [5]. In October 2007, the equity market capitalization of the companies listed on the NSE was US$ 1.46 trillion, making it the second largest stock exchange in South Asia. NSE is the third largest Stock Exchange in the world in terms of the number of trades in equities.[6]It is the second fastest growing stock exchange in the world with a recorded growth of 16.6%.
ORIGINS:
The National Stock Exchange of India was promoted by leading Financial institutions at the behest of the Government of India, and was incorporated in November 1992 as a tax-paying company. In April 1993, it was recognized as a stock exchange under the Securities Contracts (Regulation) Act, 1956. NSE commenced operations in the Wholesale Debt Market (WDM) segment in June 1994. The Capital Market (Equities) segment of the NSE commenced operations in November 1994, while operations in the Derivatives segment commenced in June 2000.
MARKET:
Currently, NSE has the following major segments of the capital market:
Equity
Futures and Options
Retail Debt Market
Wholesale Debt Market
Currency futures
In addition to this, NSE is also planning to launch interest rate futures contracts
Stock Market Capitalization And Corporate Governance in India
China Stockmarket
China's stock market is the third largest in Asia. Western banks and investment firms have a strong presence in Shanghai. Now that China has become a member of the World Trade Organization (WTO), the growth of the Chinese stock market is eagerly watched. This informative guide explains the development of the market, examines key policies, and recounts major scandals. It analyzes the different types of investors--institutional and individuals--and maps out the likely development of China's stock market over the next ten years.
The Efficiency Of China's Stock Market
The Efficiency Of China's Stock Market
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