The Australian Securities Exchange (ASX) is headquartered in Sydney, Australia. The ASX was created through the merger of the Australian Stock Exchange and Sydney Futures Exchange in 2006. The ASX operates as a market operator, clearing house, and payments facilitator. It also provides educational materials to retail investors.The ASX has a strong track record of operating efficiently and effectively. In fact, it has been named one of the world's most efficient exchanges by the World Federation of Exchanges four times. This efficiency is due in part to the use of cutting-edge technology by the ASX. For example, the exchange launched its own blockchain platform called "Custodian" in 2018.The ASX is also committed to protecting investors' interests. For example, it requires listed companies to comply with high standards for financial reporting and disclosure practices. Additionally, it has a robust system for supervising listed companies and investigating potential misconduct."