Question Type of the Question: Report Suppose you are going to deliver a speech about share markets. The target audience is newly enrolled undergraduate students at Holmes Institute. Prepare a report...

OVERVIEW OF AUSTRALIAN STOCK MARKET
a. Overview of top 10 share markets in the world in 2019 based on market capitalisation. (300 words):
Financial market plays an important role in economies. Australian securities exchange (ASX) features in top exchanges of world like New York Stock Exchange, NASDAQ stock exchange, Tokyo stock exchange, London stock exchange, Euro Next, Shanghai Stock Exchange, Hongkong stock Exchange, Toronto Stock exchange, Bombay Stock Exchange, National Stock Exchange, etc.
As a leading financial exchange market, ASX is offering world class services with ranking among top 10 global securities exchange by value. ASX is the largest interest rate derivative market in Asia. ASX have world’s leading resources, financial and technology companies with total market capitalisation of 2 trillion.
Market capitalisation of domestic companies, published by world bank, means year end market value of listed domestic companies converted to US Dollar. According to world bank as on 2018, market capitalisation of US 30,436,313.05 million (Mn), China 6,324,879.79 million (Mn), Japan 5,296,811.10 million (Mn), Hong Kong SAR, China 3,819,215.40 million (Mn), France 2,365,950.24 million (Mn), India 2,083,482.76 million (Mn), Canada 1,937,902.71 million (Mn), U.K, Germany 1,755,172.79 million (Mn), Switzerland 1,441,160.47 million (Mn), Korea rep. 1,413,716.51 million (Mn) and Australia 1,262,800.27 million (Mn).
ASX enables new stock and bonds issuance in primary market and selling & buying of stock in secondary market with capital flow raising, allocation and hedging. ASX acts as central counter party enabling transfer of risk for clearing and settlement of securities (equities) & income securities. With world class facilities, range of services, multi-class asset and integrated performance, ASX is market operator in Australia. ASX looks after compliance & corporate governance, operation rules and facilitating education.
ASX is operation in areas like trading, commodity & other trading, advisory services, brokers, proprietary traders, market data generation with world class technologies, to list few. Characteristics of ASX is reflected with diverse domestic & international customer / issuer and wide range of financial products & securities. Operation of ASX enjoys complete confidence of Australian Securities and Investments Commission (ASIC) who is doing supervisor, regulator and enforcing compliance role in Australia.
b. Overview of Australian stock exchange including historical evolution, industry categorization, mumber of listed companies (as of a date in 2019) and importance of ASX into Australian economy. (300 words)
ASX provides necessary framework for global competitiveness capital market and thriving economy. ASX group is standing tall as world class service provider with even increasing customer confidence based on rich history, succulently narrated below.
Advent of early stock exchange was seen in 1850s through 1890 and 1901 in major cities of Australian....