Listing Requirements and Financial Products in ASX and NSX

Business Finance

INTRODUCTION...........................................................................................................................3
a. Identifying listing requirements in ASX and the NSX with listing and importance of
indices in each of the exchange.............................................................................................3
b. Determining financial products that are traded in ASX with its features and sub
categories...................................................................................................................................5
c. Overview of the ASX with an inclusion of historical evolution, categorization of an
industry and the no. of listed companies...............................................................................6
CONCLUSION...............................................................................................................................7

INTRODUCTION
Business finance referred as the money and the credit that are employed within
the business. Finance is counted as basic of the business and is needed for purchasing
the assets, raw materials and the goods for other flow of an economic activity. The
present report is based on ASX and NSX, securities exchange that provides trading
services to the companies with different types of the financial products. Furthermore,
the study highlights the listing requirements of ASX and NSX along with the types of
indices associated with each type of stock exchange. Moreover, it also presented
financial product and its features with history or overview of ASX.
a. Identifying listing requirements in ASX and the NSX with listing and importance of
indices in each of the exchange
Listing requirement in Australian Securities Exchange
 In order to get listed on the exchange, company must have minimum 300 non-
affiliated types of shareholders with the holding minimum value $ 2000 each.
 The company should have a free float of around 20%
 Company size in respect of the profit test must have an aggregated amount of
profits from the continuing operations valuing $ 1 million over the last 3 years
(Basnarkov and et.al., 2020). In addition to this it must have consolidated profits
from the continuing operations valuing $ 500000 over the previous 12 months.
Moreover size of the company in context of asset test must have minimum of net
tangible assets valuing $ 4 million and market capitalization of minimum $ 15
million.
Listing requirement in NSX
 Minimum of 50 security holders or the more in primary security class must be
listed.
 25% of the issued capital of a company must be held in hands of public.
 2 year adequate or appropriate trading record or offer is been underwritten to
minimum level of subscription.