Auroran Stock Exchange: Difference between revisions
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[[Category:UNAC]]
The '''Auroran Stock Exchange''' ([[W:German|Ethalrian]]: ''Auroranische Börse'', [[W:Maori|Oan]]: ''Ko te Utu Hokohoko o te Orora'', [[W:Georgian language|Salovian]]: ავრორას საფონდო ბირჟა) is a securities exchange located in [[Sani Bursil]], [[Great Morstaybishlia]]. It is by far the largest securities exchange on [[Aurora]] and arguably the largest on [[Urth]] by the number of companies and by total market capitalisation. The underlying legal tender used to mediate transactions is the [[Kirib]]. Abbreviated as the '''ASE''', it is owned by the Auroran Stock Exchange Company which is a publicly traded registered company in Great Morstaybishlia.
The ASE originated as the Bursil Merchant's Market in the 16th century as an invite-only market for members of the Royal Bursil Merchant's Guild. It evolved to be the Royal Bursil Paper's Market in the 17th century when it was granted a royal charter. It was reestablished as one of the oldest modern stock exchanges in the world under the name of the Sani Bursil Stock Exchange in the 18th century. Due to its influence and preeminence, it was renamed as the Auroran Stock Exchange. Telephonic trading was introduced in the 20th century due to the advent telephones which allowed investors to make trades by calling in. This was further advanced by the invention and commercialisation of computers which allowed for electronic trading. Today, it is helmed by one of the former [[Prime Ministers of Great Morstaybishlia]], [[Walter Johannes]] since 2020 following his defeat in the [[2019 Great Morstaybishlia General Election|2019 Great Morstaybishlian General Elections]] by [[Franklin Barvata]] and [[MBE Labour]].
== History ==
On 23 October 1521, the
al Bursil Merchant's Guiwas formed by owners of ships known then as merchants. These merchants were responsible for sending ships to foreign nations to trade in various goods.his organisation was established to coordinate the activities of merchants in the Burisaye-Celidizia area. The sponsors of the expeditions, crews and ships of these merchants were often wealthy land-owning aristocrats and courtiers at the [[Sani Bursil Royal Palace]]. d to
== Regulatory influence ==
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Revision as of 15:03, 12 September 2022
The Auroran Stock Exchange (Ethalrian: Auroranische Börse, Oan: Ko te Utu Hokohoko o te Orora, Salovian: ავრორას საფონდო ბირჟა) is a securities exchange located in Sani Bursil, Great Morstaybishlia. It is by far the largest securities exchange on Aurora and arguably the largest on Urth by the number of companies and by total market capitalisation. The underlying legal tender used to mediate transactions is the Kirib. Abbreviated as the ASE, it is owned by the Auroran Stock Exchange Company which is a publicly traded registered company in Great Morstaybishlia.
The ASE originated as the Bursil Merchant's Market in the 16th century as an invite-only market for members of the Royal Bursil Merchant's Guild. It evolved to be the Royal Bursil Paper's Market in the 17th century when it was granted a royal charter. It was reestablished as one of the oldest modern stock exchanges in the world under the name of the Sani Bursil Stock Exchange in the 18th century. Due to its influence and preeminence, it was renamed as the Auroran Stock Exchange. Telephonic trading was introduced in the 20th century due to the advent telephones which allowed investors to make trades by calling in. This was further advanced by the invention and commercialisation of computers which allowed for electronic trading. Today, it is helmed by one of the former Prime Ministers of Great Morstaybishlia, Walter Johannes since 2020 following his defeat in the 2019 Great Morstaybishlian General Elections by Franklin Barvata and MBE Labour.
History
On 23 October 1521, the
al Bursil Merchant's Guiwas formed by owners of ships known then as merchants. These merchants were responsible for sending ships to foreign nations to trade in various goods.his organisation was established to coordinate the activities of merchants in the Burisaye-Celidizia area. The sponsors of the expeditions, crews and ships of these merchants were often wealthy land-owning aristocrats and courtiers at the Sani Bursil Royal Palace. d to
Regulatory influence
Technically the ASE is not a regulatory agency however it is so influential as to be a de facto regulatory agency. This is because it only allows companies to be listed in its exchange if they meet the criteria it sets out. This includes having timeous regular financial statements that meet Auroran Accounting Standards, filing a prospectus containing information about the company and meeting certain ethical and legal requirements for how the company is managed.
The scope of the rules that the ASE creates for the companies which wish to be registered on it is so vast and covers so many industries that it is a de facto source of policy for many Auroran nations and United Nations of the Auroran Continent more broadly such that some part of Auroran law focusing on market regulation draw inspiration from its guidelines and manuals. The rules are drawn up by various departments and Committees often consulting with highly praised academics, politicians, businesses and accounting firms such as Ita Marama.
Classification System
The ASE maintains its own classification system known as the ASE Equity Classification System (ECS). The ECS can be licensed to asset management firms, fund administrators and performance measurement solutions providers. The purpose of this system is to enable like for like comparisons between similar companies and to differentiate companies based on their predominant source of income and operations.
The ECS has 2 types of classifiers: the Geographic Classifier and the Sector Classifier. Each classifier has levels of abstraction which narrower scope as the level gets lower. This is as follows:
- ECS Sector Classifier. Level I has 8 economic sectors. Level II has 24 subsectors which divided the sectors into 1 or more subsectors. Level III has 72 industries which divide subsectors into 1 or more industries. This is most useful for classifying equities.
- ECS Geographic Classifier. Level I divides the world into various regions. Level II divides the regions into countries. Level 3 divides countries into high level subdivisions. This is usually applicable for large countries or medium-sized countries with highly decentralised systems of government. This is most useful for classifying bonds especially sovereign bonds.
The Auroran All Share Index is an index of the largest publicly traded companies in Aurora. The Index represent a portfolio of equities in these companies. It is often used as the main benchmark for passive investment portfolios by private asset and investment management firms. The companies in this list is as follows:
Name | Sector | Ticker | Country of origin | Share price (KRB) | Market capitalisation (KRB) |
---|---|---|---|---|---|
Embask | Great Morstaybishlia | ||||
Vocher Cada | Great Morstaybishlia | ||||
Golding Smithant | Great Morstaybishlia | ||||
Royal Redrugus | Great Morstaybishlia | ||||
Vendaz | Great Morstaybishlia | ||||
Dyche | Great Morstaybishlia | ||||
Ferrus Industries | Great Morstaybishlia | ||||
Trech | Great Morstaybishlia | ||||
Morst Farming Nexus | Great Morstaybishlia | ||||
Cava Aura Worldwide | Great Morstaybishlia | ||||
Primrose | Great Morstaybishlia | ||||
Damehowe | Great Morstaybishlia | ||||
Peepl | Great Morstaybishlia | ||||
Café Pay | The Oan Isles | ||||
Cafe Net | The Oan Isles | ||||
Oan Airways | The Oan Isles | ||||
Metatron Corporation | The Oan Isles | ||||
Standard National Bank | The Oan Isles | ||||
Oan Arms | The Oan Isles | ||||
Blue Ocean Cruises | Blueacia | ||||
Royal Blue Air | Blueacia | ||||
Audelli Group | North Ethalria |
The Global All Share Index is a list of all the companies outside Aurora which are traded on the ASE.
Name | Country of origin | Share price (KRB) | Market capitalization (KRB) |
---|---|---|---|