New world order
Article Abstract:
Australia is positioned to be a leader in the Pacific-Asia economy, and two Australian companies, the Australian Stock Exchange Ltd. (ASX) and Computershare, will have a large impact on global sharemarkets. Computershare is set to break the ASX monopoly of Australian share trading with its bid for the Sydney Futures Exchange (SFE), but ASX in June 1999 formed an alliance with financial information giant Bloomberg, allowing international brokers to trade on ASX's Stock Exchange Automated System (SEATS). However, ASX shares fell from $16 to $10 during 1999. Computershare had a turnover of $151.3 million in first-half 1998-99.
Publication Name: Business Review Weekly
Subject: Business, general
ISSN: 0727-758X
Year: 1999
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Stock exchange nears the end of an era
Article Abstract:
The Australian Stock Exchange will change operations on Oct 14, 1998. The exchange will demutualize and distribute its shares equally among its 600 members. The members will not longer belong to the exchange so they will not be able to vote on exchange matters. The former members will be able to retain the title 'stockbroker'.
Publication Name: Business Review Weekly
Subject: Business, general
ISSN: 0727-758X
Year: 1998
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The lure of the lists
Article Abstract:
There are difficulties associated with becoming a publicly listed company. A company must provide a lot of information for its shareholders and raise its ethical standards to ensure there is not any insider trading. There are new groups of people that the company must work with including industry analysts and regulators.
Publication Name: Business Review Weekly
Subject: Business, general
ISSN: 0727-758X
Year: 1999
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