The Sydney Stock Exchange

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Not to be confused with Australian Securities Exchange or Asia Pacific Exchange and Co-operation Foundation.

Sydney Stock Exchange
TypeStock exchange
LocationSydney, New South Wales, Australia
Founded1997; 25 years ago (1997) (as Sydney Stock Exchange)
OwnerSSX
CurrencyAustralian dollar
Websitewww.ssx.sydney

The Sydney Stock Exchange (SSX) is a stock exchange with its headquarters in Sydney, Australia. It is a wholly owned subsidiary of the AIMS Financial Group, with a market license granted by the Australian Securities & Investment Commission (ASIC) on 5 November 2013. Formerly known as the Asia Pacific Exchange (APX), APX listed its first few companies on 6 March 2014. In the past two years, The Sydney Stock Exchange has initiated its plan to reinvent itself. [1]

History[]

The exchange first opened in 1997 as the Australian property exempt market before receiving a stock exchange licence in August 2004. In November 2015, the exchange was renamed to the Sydney Stock Exchange.[2] to promote Sydney and Australia as a leading financial centre the exchange become known as the Sydney Stock Exchange (SSX) to allow the listees to be identified as being listed on a major city’s exchange.

The SSX’s corporate logo is made up of a black background, which is symbolic of the ocean’s depth (a source of wealth). The swirling red sun represents the success, energy and vibrancy of companies listed on SSX. Importantly, the outline of the square box represents the rules of the listing, financing and trading market, boundaries which cannot be breached.

Today the SSX remains headquartered in Sydney as a tier one licensed stock exchange, providing a fresh, flexible alternative for Asia Pacific companies seeking the opportunities for growth that only listings can bring.

Recent Activities[]

Sydney Stock Exchange Elected to the []

Sydney Stock Exchange was elected to the board of FEAS at the 32nd Annual General Assembly on 22 June 2021. Sydney Stock Exchange (SSX) have joined the Board of FEAS - Federation of Euro-Asian Stock Exchanges and to have been voted Vice Chairman of the New Working Committee. [3] The SSX provides listed companies with access to the European Capital Markets through the Frankfurt Stock Exchange's Open Market. [4]

SSX CEO Panelist at ICAEW Event: What ESG means for you[]

On 1 June 2021 the ICAEW Sydney City Group put on an event to explore what "ESG means for you, your team and your stakeholders". The event defined ESG (Environmental, Social and Governance), outlined current international developments, articulated how an ESG alignment generally enhances organisational performance and provided practical guidance on actions and reporting. At this RSM hosted event, Sydney Stock Exchange's CEO, Michael Go, took part in a panel discussion on the formation of(ESG) Frameworks and supporting initiatives. [5]

SSX celebrates International Women's Day in Collaboration with UN Women Australia[]

The Sydney Stock Exchange in collaboration with UN Women, Women Australia and the Global Compact Network of Australia rang the opening bell in celebration of International Women’s Day (8 March 2021). Board Member of UN Women Australia, Vy Pham, rang the bell on behalf of UN Women and the SSX in recognition of the critical role required to promote gender equality, in particular in leadership.[6]

SSX became a Silver Sponsor of Asian Leadership Project[]

The Sydney Stock Exchange became one of the Silver Sponsors of this year's Asian Leadership Project’s National Conference. SSX support companies who have a strategic and operational focus on of diversity & good governance through our recently established ESG Category Board for qualifying companies. [7]

SSX & Quant Edge Sign Strategic Partnership[]

On 11 May 2021 Quant Edge signed a Strategic Agreement with Sydney Stock Exchange to recognises Quant Edge's Equix products now facilitate easy access to trade the SSX Market, through Mobile, Tablet Apps and Desktop Computers from anywhere in the world. [8]

Sydney Stock Exchange becomes Silver Sponsor of the Sydney Mining Club[]

SSX are proud to support the Mining Sector and delighted come on board as Silver Sponsors of the Sydney Mining Club (SMC). The SMC are an inclusive community of over 2,300 members who meet on the first Thursday of every month (excluding January) with alternate Lunchtime Forum and Leading Edge evening events. [9]

See More[]

More recent activities can be found at SSX website under News.

Markets Supervision[]

The Australian Securities and Investments Commission (ASIC)is the regulatory body of Australian Financial market operators (such as SSX) and Australian Financial Services Licensees (such as stockbrokers) . ASIC is responsible for the supervision of real-time trading on SSX through ASIC Market Integrity Rules 2017, for enforcing the laws against listed companies and stockbrokers on the SSX market pursuant to Corporations Act and other regulatory regime.

SSX has market supervision procedures and policies in place to ensure it fulfil its obligation to ensure a fair, orderly and transparent market is maintained at all times. Our Supervision Department monitors and enforces compliance with our Listing Rules and Business Rules by Listees and Market Participants of the SSX market. SSX has the right to waive compliance with its Listing Rules or Business Rules. An important aspect of the SSX framework is its ability to update its supervisory practices quickly and efficiently to adapt to changing market and compliance environments.

SSX has arrangements in place to identify and deal with conflicts between the commercial interests of SSX and its obligation to do all things reasonably practicable to ensure a fair, orderly and transparent market. These include transparent decision-making processes and conflict management policy. [10]

SSX Market Supervision Compliance Committee (MSCC)[]

The Market Supervision Compliance Committee (MSCC) has been set up by SSX to provide a body which is independent of the Board, to review SSX’s ongoing supervision of its market and compliance with the terms of its market operator’s license. Its members are independent of both the SSX Board and management to ensure that the market is fair, orderly and transparent.

The MSCC monitors the exchange’s compliance, conflict management and supervisory policies and procedures.

The MSCC provides written reports to both the Board of SSX and ASIC of its findings on compliance and supervision by SSX. The MSCC reports to the Board any material breaches or suspected material breaches of compliance and conflict management controls or any breaches or suspected material breaches of the Corporations Act or SSX’s market operator license. [11]

Products[]

Products available for trading on SSX include shares, exchange traded options, etc. SSX also focuses on the resources, technology, property and international OTC in Australia’s vibrant investment ecosystem.

Market Participants & Affiliated Brokers[]

Sydney Stock Exchange’s Market Participants are CMC Markets Stockbroking, State One Stockbroking Ltd, Morrison Securities Pty Ltd.

For Affiliated Brokers information, please refer to SSX website. [12]

Listing[]

Simple Listing and Business Rules[]

In accordance with the requirements of the Corporations Act, SSX has Operating Rules for its market. Its Operating Rules comprise Listing Rules and Business Rules. The current Listing Rules took effect from 24 April 2017. Full sets of the historical Listing Rules are available here for download and print in PDF format on SSX's website. [13]

Recent Listees[]

AHP Group Limited(SSX Code 88A)[]

AHP Group Limited (AHP) is an Australian company, focused on delivering healthy lifestyle products. AHP commencing quotation on The Sydney Stock Exchange (SSX Code 88A) on 26 February 2021. [14] AHP CEO Steven Yu said, "AHP Group chose the Sydney Stock Exchange because it provides a fresh alternative for our group to promote our brand globally and seek capital raising opportunities to grow and expand.[15]

West Coast Aquaculture Group Ltd(SSX Code 833)[]

West Coast Aquaculture has raised over AUD $ 5 m as part of the successful The Sydney Stock Exchange IPO. To celebrate their achievement, West Coast rang the opening bell of The Sydney Stock Exchange this morning. West Coast are also the first known company to successfully accept Digital Assets as part of their IPO. [16]

Trade on SSX[]

Trading on SSX is conducted through market participants of SSX (stockbrokers). [17]

SSX Codes[]

SSX recognises that the code assigned to a listee is a key identifier and can be an integral part of the public identity of the listee. As such, SSX will work with listees to assign, where possible, a code in the best commercial interests of the listee.

SSX codes have a defined three character structure.

  • The first character will be numeric – “8” representing Australian incorporated listees and “9” representing non-Australian incorporated listees.
  • The second and third characters will be either all alphabetic or all numerical.

The SSX codes must be unique to the SSX listing. SSX will work with listees to select a unique code. For example, company “Alpha Beta Limited”,

  • 8AB (ordinary shares of an Australian incorporated entity)
  • 9AB (ordinary shares of a non-Australian incorporated entity)
  • 812 (ordinary shares of an Australian incorporated entity)
  • 912 (ordinary shares of a non-Australian incorporated entity)

SSX codes will not be of a form which SSX considers unsuitable or offensive. [18]

SSX Academy[]

The SSX Academy provides a range of online courses related to Financial Markets. It recently launched a new course on ESG to provide attendees with an understanding of industry context and provide actionable suggestions. [19] SSX Academy courses are accessible from anywhere in the world with an internet connection and provide knowledge about Financial Markets via an interactive and immersive virtual environment.

See also[]

References[]

  1. ^ "SSX plans to reinvent itself".
  2. ^ "Asia Pacific Stock Exchange changes its name to Sydney Stock Exchange".
  3. ^ "SSX Market News".
  4. ^ "Federation of Euro Asian Stock Exchanges hols Meet The Market with FEAS".
  5. ^ "SSX CEO panelist at ICAEW event about ESG Initiatives".
  6. ^ "SSX celebrates International Women's Day in Collaboration with UN Women Australia".
  7. ^ "SSX became a Silver Sponsor of Asian Leadership Project".
  8. ^ "SSX Quant Edge Sign Strategic Partnership".
  9. ^ "SSX became silver sponsor of the Sydney Mining Club".
  10. ^ "SSX Framework".
  11. ^ "SSX Market Supervision".
  12. ^ "Sydney Stock Exchange Market Participants".
  13. ^ "Sydney Stock Exchange Listing Rules".
  14. ^ "AHP Group Listed on SSX".
  15. ^ "AHP Group Company Details".
  16. ^ "West Coast Aquaculture Group Ltd(SSX Code 833)".
  17. ^ "Trade on SSX".
  18. ^ "Sydney Stock Exchange Codes".
  19. ^ "Sydney Stock Exchange Academy".

External links[]

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