The Australian Securities Exchange (ASX) is the primary stock exchange in Australia, located in Sydney. It facilitates the buying and selling of shares, bonds, and other financial instruments, providing a platform for companies to raise capital and for investors to trade securities. Established in 1987, the ASX operates under strict regulations to ensure fair trading practices. It plays a crucial role in the Australian economy by enabling businesses to access funding and offering investors opportunities to grow their wealth through the stock market.