Aussie brokers offer direct link to US markets

ASX World Link service highlights the trend towards global equity trading with settlement in domestic currencies.

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...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222