Businessweek

ASX Limited operates as a multi-asset class listed exchange group under the brand name Australian Securities Exchange. Segments Exchange-traded activities: The company’s activities comprise the operation of the licensed securities and derivatives exchanges (Australian Stock Exchange and Sydney Futures Exchange), and the licensed clearing and settlement operations conducted by Australian Clearing House Pty Limited, ASX Settlement and Transfer Corporation Pty Limited and SFE Clearing Corporation Pty Limited. This includes trading, clearing and settlement of equity and derivative contracts, together with market data services and technology infrastructure. Non-exchange traded activities: The company’s activities include settlement, depository and registry services for debt securities, conducted by the licensed clearing entity, Austraclear Limited. Services The company’s activities comprise the primary market and capital formation process, secondary market trading and price discovery, central counterparty risk transfer, and securities settlement for both the equities and fixed income (including over-the-counter) markets. The company, through its subsidiary, SFE Corporation Limited, offers exchange-traded and over-the-counter financial services in the Asia Pacific region. The company functions as a market operator, supervisor, clearing house, and payments system facilitator. It promotes good corporate governance among Australia’s listed companies and helps educate retail investors. Customers The company’s domestic and international customer base includes issuers, such as corporations and trusts of a range of listed securities, investment and trading banks, fund managers, hedge funds, commodity trading advisers, proprietary and retail traders, and retail investors.