What does AASE mean in STOCK EXCHANGE

What does AASE Mean?

AASE stands for Australian Associated Stock Exchange. It is a stock exchange located in Sydney, Australia. The exchange was established in 1987 and is collectively owned by the four major banks in Australia - ANZ Bank, Macquarie Group, Westpac Banking Corporation and National Australia Bank. The exchange offers access to securities for listed companies as well as providing regulation of investment activity within Australia’s financial markets.

Role of Australian Associated Stock Exchange

The primary purpose of AASE is to provide investors with access to stocks issued by publicly traded companies in Australia. As such, it provides a platform for investors to make investments into listed companies or trade existing holdings with other investors on the exchange. Additionally, AASE works closely with local financial regulators to ensure that all securities traded on its platform adhere to underlying laws and regulations governing investments in Australia.

The Australian Securities Exchange (ASX) is another prominent stock exchange in Australia that operates similarly to AASE and holds dominance in terms of capitalization among domestic exchanges. However, unlike ASX which only has two main board categories – ordinary and SUB-60 - AASE provides numerous options for traders such as global equities markets, options strategies across multiple sectors and pre-IPO listings from emerging companies.