Auroran Stock Exchange

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 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.

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.

Auroran All Share Index

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:

List of constituents in the Auroran All Share Index

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

Global All Share Index

The Global All Share Index is a list of all the companies outside Aurora which are traded on the ASE.

List of constituents of the Global All Share Index

Name	Country of origin	Share price (KRB)	Market capitalization (KRB)