50-587: Federation Hall is a heritage-listed former meeting hall and theatre and now commercial building that houses the Sydney Futures Exchange located at 24–30 Grosvenor Street in the inner city Sydney suburb of The Rocks in the City of Sydney local government area of New South Wales , Australia. It was built from 1889 to 1891, with alterations designed by Scott and Green. It is also known as Exchange Courtyard and Meat Board Building . The property
100-484: A call system, where an exchange employee called the names of each company and brokers bid or offered on each. In the 1960s this changed to a post system. Exchange employees called "chalkies" wrote bids and offers in chalk on blackboards continuously, and recorded transactions made. The ASX (Australian Stock Exchange Limited) was formed in 1987 by legislation of the Australian Parliament which enabled
150-458: A group, the buildings (Federation Hall, Royal Naval House, Johnson's Building , 231 George Street and Brooklyn Hotel ) have considerable significance. All facades contribute to the overall richness of the group, with Royal Naval House the focal point and the Johnson's Building leading nicely around the corner to a "coda" of two small but heavily textured facades which seem to be a logical end to
200-473: A single contract of greasy wool that by the end of the year had traded 19,042 lots. 1969–1970 : The Poseidon bubble (a mining boom triggered by a nickel discovery in Western Australia) caused Australian mining shares to soar and then crash, prompting regulatory recommendations that ultimately led to Australia's national companies and securities legislation. 1976 : The Australian Options Market
250-822: A sympathetic later addition of two top storeys. The interior spaces are fairly simple, the entrances are good, and the facade is an important element in the streetscape. Federation Hall was listed on the New South Wales State Heritage Register on 10 May 2002 having satisfied the following criteria. The place is important in demonstrating the course, or pattern, of cultural or natural history in New South Wales. Federation Hall and courtyard and site are of State heritage significance for their historical and scientific cultural values. The site and building are also of State heritage significance for their contribution to The Rocks area which
300-687: Is a NASDAQ OMX ultra-low latency trading platform based on NASDAQ OMX's Genium INET system, which is used by many exchanges around the world. It is one of the fastest and most functional multi-asset trading platforms in the world, delivering latency down to ~250 microseconds. ASX Trade24 is ASX global trading platform for derivatives. It is globally distributed with network access points (gateways) located in Chicago, New York, London, Hong Kong, Singapore, Sydney and Melbourne. It also allows for true 24-hour trading, and simultaneously maintains two active trading days which enables products to be opened for trading in
350-482: Is a pre-market session from 7:00 am to 10:00 am Sydney time and a normal trading session from 10:00 am to 4:00 pm Sydney time. The market opens alphabetically in Single-price auctions , phased over the first ten minutes, with a small random time built in to prevent exact prediction of the first trades. There is also a single-price auction between 4:10 pm and 4:12 pm to set
400-744: Is administered by the Heritage Council of NSW via Heritage NSW, a division of the Government of New South Wales Department of Planning and Environment . The register was created in 1999 and includes items protected by heritage schedules that relate to the State, and to regional and to local environmental plans. As a result, the register contains over 20,000 statutory-listed items in either public or private ownership of historical, cultural, and architectural value. Of those items listed, approximately 1,785 items are listed as significant items for
450-648: Is an Australian public company that operates Australia's primary securities exchange , the Australian Securities Exchange (sometimes referred to outside of Australia as, or confused within Australia as, the Sydney Stock Exchange , a separate entity). The ASX was formed on 1 April 1987, through incorporation under legislation of the Australian Parliament as an amalgamation of the six state securities exchanges, and merged with
500-404: Is of State Heritage significance in its own right. The place is important in demonstrating aesthetic characteristics and/or a high degree of creative or technical achievement in New South Wales. As a group, the buildings (Federation Hall, Royal Naval House, Johnson's Building, 231 George Street and Brooklyn Hotel) have considerable significance. All facades contribute to the overall richness of
550-578: Is owned by Property NSW , an agency of the Government of New South Wales . It was added to the New South Wales State Heritage Register on 10 May 2002. This site was originally at the western limit of the Parade Ground of the Colony and the commencement of the then unnamed Grosvenor Street. The original claimant to the site was William Davis who owned extensive land holdings within The Rocks in
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#1732783351102600-557: The 2007–2008 financial crisis . The ban on covered short selling was lifted in May 2009. New South Wales State Heritage Register The New South Wales State Heritage Register , also known as NSW State Heritage Register , is a heritage list of places in the state of New South Wales , Australia , that are protected by New South Wales legislation, generally covered by the Heritage Act 1977 and its 2010 amendments. The register
650-543: The $ 12.5 million reconstruction and renovation of Royal Naval House and Federation Hall in Grosvenor Street to enable the buildings to house the Sydney Futures Exchange. The work involved the reinstatement of the original verandah and courtyard in a new location, and the restoration of the street facades. The reconstruction and renovation of the three remaining historic buildings on the site
700-602: The ASX could not offer them. The court held they were options and so LEPOs were introduced in 1995. 1995 : Stamp duty on share transactions was halved from 0.3% to 0.15%. The ASX had agreed with the Queensland State Government to locate staff in Brisbane in exchange for the stamp duty reduction there, and the other states followed suit so as not to lose brokerage business to Queensland. In 2000 stamp duty
750-557: The ASX in 1998. 2000 : In October, ASX acquires a 15% stake in the trading and order management software company IRESS (formerly BridgeDFS Ltd). 2001 : Stamp duty on marketable securities abolished. 2006 : The ASX announced a merger with the Sydney Futures Exchange, the primary derivatives exchange in Australia. ASX Group has two trading platforms – ASX Trade, which facilitates the trading of ASX equity securities and ASX Trade24 for derivative securities trading. All ASX equity securities are traded on screen on ASX Trade. ASX Trade
800-441: The ASX operating rules. The Reserve Bank of Australia (RBA) has oversight of the ASX's clearing and settlement facilities for financial system stability. Products and services available for trading on ASX include shares, futures, exchange traded options, warrants, contracts for difference, exchange-traded funds, real estate investment trusts, listed investment companies and interest rate securities. The biggest stocks traded on
850-567: The ASX, in terms of market capitalisation , include BHP , Commonwealth Bank , Westpac , Telstra , Rio Tinto , National Australia Bank and Australia & New Zealand Banking Group . The major market index is the S&;P/ASX 200 , an index made up of the top 200 shares in the ASX. This supplanted the previously significant All Ordinaries index, which still runs parallel to the S&;P ASX 200. Both are commonly quoted together. Other indices for
900-747: The Hall was known as the Repertory Theatre. In 1922 plans of proposed alterations and additions to 24-36 Grosvenor St were submitted to the City Council. The plans show the additions of two further floors and other modifications. Evidence from the Rate Assessment Books suggest that this work took place in 1923–24. The site was occupied by a number of organisations, including the newly formed NRMA from 1927 to 1930 and F. W. Hughes Ltd from 1930. From 1980 negotiations proceeded with
950-665: The Hobart exchange. In November 1903 the first interstate conference was held to coincide with the Melbourne Cup . The exchanges then met on an informal basis until 1937 when the Australian Associated Stock Exchanges (AASE) was established, with representatives from each exchange. Over time the AASE established uniform listing rules, broker rules, and commission rates. Trading was conducted by
1000-784: The Minister places and objects for listing on the State Heritage Register. The work of the Council and the State Heritage Register is generally covered by the Act, 1977 / {{{4}}} (NSW) and its 2010 amendments. Under section 170 of the Act, government agencies in New South Wales are required to compile a register of heritage assets and look after their assets on behalf of the community. The National Parks and Wildlife Act 1974 preserves Aboriginal heritage. Items nominated for listing on
1050-569: The Stock Exchange Automated Trading System (SEATS). It was a far cry from the original system which dated back over 100 years. During that time there had been three different forms of trading on the Australian stock exchanges. The earliest was the auction-based call system, which saw a stock exchange employee (the caller) call the name of each listed security in turn while members bid, offered, sold or bought
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#17327833511021100-725: The Sydney Futures Exchange in 2006. Today, ASX has an average daily turnover of A$ 4.685 billion and a market capitalisation of around A$ 1.6 trillion , making it one of the world's top 20 listed exchange groups, and the largest in the southern hemisphere. ASX Clear is the clearing house for all shares, structured products, warrants and ASX Equity Derivatives. ASX Group is a market operator, clearing house and payments system facilitator. It also oversees compliance with its operating rules, promotes standards of corporate governance among Australia's listed companies and helps to educate retail investors. The Australian Securities & Investments Commission (ASIC) has responsibility for
1150-813: The Sydney Stock Exchange. 1885 : Two years after the Broken Hill Mining Company (private company) was established by a syndicate of seven men from the Mount Gipps Station , the company was incorporated to become the Broken Hill Proprietary Company Limited (BHP). In 1885, BHP listed on the Melbourne Stock Exchange. 1937 : The Australian Associated Stock Exchanges (AASE) was established in 1937. Since 1903
1200-485: The amalgamation of six independent stock exchanges that formerly operated in the state capital cities. After demutualisation , the ASX was the first exchange in the world to have its shares quoted on its own market. The ASX was listed on 14 October 1998. On 7 July 2006 the Australian Stock Exchange merged with SFE Corporation, holding company for the Sydney Futures Exchange. 1861 : Ten years after
1250-607: The bigger stocks are the S&P/ASX 100 and S&P/ASX 50 . The origins of the ASX date back to the mid-1800s when six separate exchanges were established in Australia's state capital cities of Melbourne , Victoria, (1861), Sydney , New South Wales (1871), Hobart , Tasmania (1882), Brisbane , Queensland (1884), Adelaide , South Australia (1887) and Perth , Western Australia (1889, the Stock Exchange of Perth ). A further exchange in Launceston , Tasmania, merged into
1300-465: The community, the government, the conservation profession and representatives of organisations such as the National Trust of Australia , makes decisions about the care and protection of heritage places and items that have been identified as being significant to the people of NSW. The Council provides advice on heritage matters to the Minister for Environment and Heritage. The Council recommends to
1350-770: The daily closing prices. Security holders hold shares in one of two forms, both of which operate as uncertificated holdings, rather than through the issue of physical share certificates : Holdings may be moved from issuer-sponsored to CHESS or between different brokers by electronic message initiated by the controlling participant. Short selling of shares is permitted on the ASX, but only among designated stocks and with certain conditions: Many brokers do not offer short selling to small private investors. LEPOs can serve as an equivalent, while contracts for difference (CFDs) offered by third-party providers are another alternative. In September 2008, ASIC suspended nearly all forms of short selling due to concerns about market stability during
1400-539: The early years of the Colony. In 1848 the site with a simple two-storied Georgian residence erected upon it. Between 1887 and 1889 demolition took place for the Royal Naval House site. It has been assumed here, from the evidence examined, that these buildings were all demolished in that period. Between 1889 and 1891 a three-storey brick and cement building with flat roof was erected on this site. This building with its plastered facade and pediment decoration forms
1450-417: The electronic CLICK system for derivatives began. 1998 : ASX demutualised to become a listed company. It was the first exchange in the world to demutualise and list on its own market, a trend that has been imitated by several other exchanges over the years. The Australian Mutual Provident Society began in 1849 as an organisation offering life insurance. Now known as AMP it became a publicly listed company on
1500-407: The facades have a landmark status facing the open space of Lang Park on the southern side of the street. Federation Hall: This building has an aesthetically pleasing neo-classical facade with a sympathetic later addition of two top storeys. The interior spaces are fairly simple, the entrances are good, and the facade is an important element in the streetscape. [REDACTED] This Misplaced Pages article
1550-566: The first three floors of the present building. The building was completed in 1891. It was built as a parish hall for t Patrick's Church and was used for that purpose until 1914. There were shops at ground level, which were leased by the parish to tenants. The property was sold by the parish in the 1920s. The early section was constructed as a series of shops to Grosvenor Street and a large space above with entry from Harrington Street known from c. 1892 – c. 1915 as Federation Hall. From c. 1915 – c. 1924
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1600-597: The floor of the Sydney Exchange was suspended throughout Friday. Damage totaled $ 2 million and repairs took more than six months, with new carpet laid and cables and computers replaced. Stockbrokers who had taken advantage of joint access were able to trade on the Melbourne Stock Exchange. And, with the Sydney trading floor closed by floodwaters, the Melbourne Exchange enjoyed its busiest trading day for
1650-466: The ground rules for commissions and the flotation of government and semi-government loan raisings. 1938 : Publication of the first share price index. 1939 : Sydney Stock Exchange closed for the first time due to the declaration of World War II . 1960 : Sydney Futures Exchange began trading as Sydney Greasy Wool Futures Exchange (SGWFE). Its original goal was to provide Australian wool traders with hedging facilities in their own country. SGWFE offered
1700-415: The group, with Royal Naval House the focal point and the Johnson's Building leading nicely around the corner to a "coda" of two small but heavily textured facades which seem to be a logical end to the whole. The trees, which are deciduous, give an added quality to the richness of the facades and have considerable significance, linking them together in a very satisfactory way. In the context of Grosvenor Street,
1750-786: The nation, the State will advocate for listing on the Australian National Heritage List or the Commonwealth Heritage List . Finally, if the item is of global significance, the Australian Government will advocate for the item to be listed on the UNESCO World Heritage List . The Heritage Council of New South Wales , a statutory body appointed by the NSW Government and comprising members of
1800-531: The new trading day in one time zone while products are still trading under the previous day. The normal trading or business days of the ASX are week-days, Monday to Friday. ASX does not trade on national public holidays: New Year's Day (1 January), Australia Day (26 January, and observed on this day or the first business day after this date), Good Friday (that varies each year), Easter Monday, Anzac day (25 April), King's Birthday (June), Christmas Day (25 December) and Boxing Day (26 December). On each trading day there
1850-597: The official advent of the Gold Rush , Australia's first stock exchange was formed in Melbourne. In the 1850s Victoria was Australia's gold mining centre, its population increasing from 80,000 in 1851 to 540,000 in 1861. 1871 : Thirty years after it lit the first gas street light in Sydney, the Australian Gas Light Company took its place in history again, becoming the second company to list on
1900-558: The private sector on proposals for mixed development and recycling on the land bounded by George, Grosvenor, Harrington and Essex Streets, known as Sites D5, D6 and D11. The agreement for the Grosvenor Place project was signed in June, 1983 involving the renovation of Royal Naval House and four adjacent buildings, including Federation Hall. Work on Grosvenor Place commenced in 1984 and was completed in 1988. In 1987, work commenced on
1950-462: The register are assessed against the State Heritage Register criteria to determine the level of significance. To be assessed for listing on the State Heritage Register an item will, in the opinion of the Heritage Council of NSW, meet one or more of the following criteria: An item is not to be excluded from the Register on the ground that items with similar characteristics have already been listed on
2000-465: The state stock exchanges had met on an informal basis, but in 1936 Sydney took the lead in formalising the association. Initially this involved the exchanges in Adelaide, Brisbane, Hobart and Sydney. Melbourne and Perth joined soon after. Through the AASE the exchanges gradually brought in common listing requirements for companies and uniform brokerage and other rules for stockbroking firms. They also set
2050-547: The stock at each call. This system proved inadequate to handle the increased volume of trading during the mining booms. It was replaced by the 'post' system in the early 1960s, which involved stocks being quoted on 'posts' or 'boards'. 'Chalkies' were employed by the Stock Exchange and it was their function to record in chalk the bids and offers of the operators (employees of stockbrokers) and the sales made. This system stayed in place until 1987. 1990 : A warrants market
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2100-443: The supervision of real-time trading on Australia's domestic licensed financial markets and the supervision of the conduct by participants (including the relationship between participants and their clients) on those markets. ASIC also supervises ASX's own compliance as a public company with ASX Listing Rules. ASX Compliance is an ASX subsidiary company that is responsible for monitoring and enforcing ASX-listed companies' compliance with
2150-420: The whole of New South Wales; with the remaining items of local or regional heritage value. The items include buildings, objects, monuments, Aboriginal places, gardens, bridges, landscapes, archaeological sites, shipwrecks, relics, bridges, streets, industrial structures and conservation precincts. Typically, an item will first attract local listing, then regional or State listing. If the item is of significance to
2200-412: The whole. The trees, which are deciduous, give an added quality to the richness of the facades and have considerable significance, linking them together in a very satisfactory way. In the context of Grosvenor Street, the facades have a landmark status facing the open space of Lang Park on the southern side of the street. Federation Hall: This building has an aesthetically pleasing neo-classical facade with
2250-465: The year. After that episode a back-up site was established outside the Sydney CBD. 1987 : The Australian Stock Exchange Limited (ASX) was formed on 1 April 1987, through incorporation under legislation of the Australian Parliament. The formation of the national stock exchange involved the amalgamation of the six independent stock exchanges that had operated in the states' capital cities. Launch of
2300-577: Was abolished in all states as part of the introduction of the GST . 1996 : The exchange members (brokers etc.) voted to demutualise . The exchange was incorporated as ASX Limited and in 1998 the company was listed on the ASX itself, with the Australian Securities & Investments Commission enforcing the listing rules for ASX Limited. 1997 : Electronic trading commences as the option market moves from floor to screen. A phased transition to
2350-420: Was carried out in 1989 for use as bars and restaurant. Style: Late Victorian; Storeys: three plus two As at 30 March 2011, Federation Hall and courtyard and site are of State heritage significance for their historical and scientific cultural values. The site and building are also of State heritage significance for their contribution to The Rocks area which is of State Heritage significance in its own right. As
2400-497: Was established, trading call options . 1980 : The separate Melbourne and Sydney stock exchange indices were replaced by Australian Stock Exchange indices. 1984 : Brokers' commission rates were deregulated. Commissions have gradually fallen ever since, with rates today as low as 0.12% or 0.05% from discount internet-based brokers. 1984 : Sydney Stock Exchange closed due to heavy rain and flooding on 9 November 1984 with 70 millimetres of rain falling in one half-hour. All trading on
2450-702: Was established. 1993 : Fixed-interest securities were added (see Interest rate market below). Also in 1993, the FAST system of accelerated settlement was established, and the following year the CHESS system (see Settlement below) was introduced, superseding FAST. 1994 : The Sydney Futures Exchange announced trading in futures over individual ASX stocks. The ASX responded with the Low Exercise Price Option or LEPO (see below). The SFE went to court, claiming that LEPOs were futures and therefore that
2500-426: Was originally based on Federation Hall and courtyard , entry number 1546 in the New South Wales State Heritage Register published by the State of New South Wales (Department of Planning and Environment) 2018 under CC-BY 4.0 licence , accessed on 14 October 2018. [REDACTED] Media related to Federation Hall at Wikimedia Commons Sydney Futures Exchange Australian Securities Exchange Ltd ( ASX )
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