The Australian Stock Exchanges ASX's ambitious plan to offer investors access to the major global centres for equity trading has taken its first step, with participating brokers offering clients direct access to the US marketplace via the Bloomberg Tradebook brokerage platform.
The ASX World Link gives brokers and their clients access to trade entry, confirmation, settlement and registry services via the same infrastructure used to transact in Australian stocks.
The initial service provides a one-way link from Australia to Nasdaq and the New York Stock Exchange NYSE. The Nasdaq and NYSE securities available have been chosen on the basis of criteria including index membership, liquidity and market capital.
The ASX expects...