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Asx company history timeline

1987

1987: The Australian Stock Exchange Limited (ASX) was formed on 1 April 1987, through incorporation under legislation of the Australian Parliament.

Global crash – the All Ordinaries index records its largest one-day loss, falling by 516 points (25%) on 20 October 1987.

1988

1988 - 3yr Commonwealth bond futures, launched by the Sydney Futures Exchange, were an immediate success, trading more than 3000 contracts a day.

1989

1989 - SFE launched SYCOM, the world's first after-hours electronic trading platform in the world.

1990

In 1990, the 6 capital city offices closed their floors.

1990: A warrants market was established.

1991

1991 - Sydney Futures Exchange bought New Zealand Futures and Options Exchange (NZFOE).

1993

1993: Fixed-interest securities were added (see Interest rate market below). Also in 1993, the FAST system of accelerated settlement was established, and the following year the CHESS system (see Settlement below) was introduced, superseding FAST.

1994

1994 - First phase of the Clearing House Electronic Subregister System (CHESS), replacing manual settlement of trades commenced.

1994: The Sydney Futures Exchange announced trading in futures over individual ASX stocks.

1995

However, the court held they were options and so LEPOs were introduced in 1995.

1995: Stamp duty on share transactions was halved from 0.3% to 0.15%. The ASX had agreed with the Queensland State Government to locate staff in Brisbane in exchange for the stamp duty reduction there, and the other states followed suit so as not to lose brokerage business to Queensland.

1996

1996 - Implementation of CHESS Phase 2 completed within budget and won the 1996 Australian Information Industry Association award for excellence through information technology.

1997

The All Ordinaries index records its highest one-day points gain, rising 144 points (6%) on 29 October 1997.

1998

Now known as AMP it became a publicly listed company on the ASX in 1998.

1999

On 2 September 1999, the Australian Stock Exchange (ASX) announced that the S&P suite of indices (in particular the S&P/ASX 200) would become the new institutional benchmark for the Australian share market.

1999 - A new primary data centre is established at the new ASX Bridge St offices.

2000

The S&P/ASX 200 was established in April 2000 and replaced the All Ordinaries.

2000: In October, ASX acquires a 15% stake in the trading and order management software company IRESS (formerly BridgeDFS Ltd).

2000 - Sydney Futures Exchange merged with Austraclear, Australia’s leading OTC clearing house, settlement and depository provider for wholesale securities.

2002

2002 - ASX listed Australia's first ETFs, including funds tracking the S&P/ASX 200 and S&P/ASX 200 A-REIT indices.

2003

2003 - ASX released the first edition of its Corporate Governance Principles and Recommendations.

2010

2010 - From 1 August, the Australian Securities Exchange is now known as ASX Group.

2012

In 2012 ASX adopted a Customer Charter that sets out how it balances the interests of its customers, shareholders and the broader financial markets.

2012 - The Australian Liquidity Centre (ALC) began operations in 2012.

2013

2013 - ASX to offer enhanced global network connectivity, ASX Net Global.

2014

2014 - Introduction of mFund, allowing investors to buy, hold and sell units in unlisted managed funds through a process similar to buying and selling shares.

2015

2015 - Opening of the Customer Support Centre at the Australian Liquidity Centre (ALC).

2016

2016 - ASX announced that it will work with Digital Asset Holdings to design a new post-trade solution for the Australian equity market to replace the 20 year old CHESS system.

2017

2017 - New trading platform for ASX24, our derivatives market, is launched, supporting ASX customers’ needs by offering enhanced functionality and performance as well as ease of connectivity.

2018

2018 - ASX partnered with Australian Technology Innovators, parent company of InfoTrack, to form a new company, Sympli, to enter the national electronic property settlement market.

2019

2019 - ASX continues to invest in contemporary technology, such as DataSphere, to drive efficiency and innovation.

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