The two trading platforms for the Australian Securities Exchange are ASX Trade and ASX Trade24.
ASX Trade – this platform allows individuals to trade equity securities in the ASX. This platform is based on the NASDAQ OMX system and is recognized as one of the fastest trading platforms in the world.
ASX Trade has three distinct services to facilitate orderly trading:
TradeMatch – an order book that allows traders to enter a variety of order types including limit and market orders.
Centre Point – Australia’s largest anonymous mid-point matching system allows traders to enter more complex and advanced order types.
Trade Sweep – This enables traders to use the features of both TradeMatch and Centre Point in the most efficient manner.
ASX Trade 24 – this platform is allows individuals to trade derivative securities on the ASX. This is a global platform with gateways in New York, London, and Sydney. As its name suggests, this is a 24-hour trading platform.