Glossary: A

These are common terms used in the financial services industry

Account balance/account value

The net amount held at any given time in an account, after factoring in all debits and credits.

AIM (Alternative Investment Market)

A sub-market of the London Stock Exchange (LSE), allowing smaller companies to raise capital with a more flexible regulatory system than is required for the main market of the LSE. CFDs in AIM-listed shares are not available.

All Ordinaries index (All Ords)

Capitalisation weighted index of performance of share prices of about 500 of the largest Australian companies. Established by ASX at 500 points in January 1980.

Arbitrage

The process of buying an asset (such as shares) and then immediately selling it so as to profit from the difference. Arbitrageurs can exploit tiny differences in the quoted price of an identical instrument across different markets using very large-sized trades.

ASIC

Australian Securities & Investment commission is Australia’s corporate, markets and financial services regulator.

Ask

The lowest price at which a seller is willing to sell an investment or asset at a given moment. Also known as the offer price.

ASX (Australian Securities Exchange)

ASX is a multi-asset class, vertically integrated exchange group that functions as a market operator, clearing house and payments system facilitator. It oversees compliance with its operating rules, promotes standards of corporate governance among Australia’s listed companies and helps educate retail investors.

ASX Announcements Service (ASX CommNews)

ComNews is the only complete ASX-listed company news service, reporting every announcement released by every company listed on ASX directly after it is lodged. It also provides an advanced announcement sorting and classification functionality that makes it easier to analyse company information, and to access detailed company reports.

ASX Bookbuild

ASX BookBuild is a capital raising facility that provides an alternative method for pricing and allocating new securities for IPOs, Placements and the sale of Renounced Rights.

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