Changes to the ASX Opening and Closing Phases The ASX is making changes to the way the market opens and closes on Monday June 23 2025. Currently the market opens in a staggered fashion, with the first group of stocks opening as early as 9:59:45am and the last as late as 10:09:15am, with the market then closing at 4:00pm before the Pre close & subsequent Closing Single Price Auction taking place anywhere between 4:10:00pm and 4:11:00pm. What’s changing From Monday June 23 there will be one single randomised open which will take place between 9:59:00am and 9:59:15am, with continuous trading commencing between 9:59:45am and 10:00am. A new session state will then be introduced between the randomised open and continuous trading known as the Opening Single Price Auction, which is where the opening trades and prices will be reported. Any order placed, amended or cancelled between 9:59:00am and 10:00am will be queued and released to market once continuous trading commences. What you need to do If you wish to have your order participate in the Open Single Price Auction, or have it cancelled or amended before it takes place, then you will need to submit your order instructions prior to 9:59:00am, regardless of whether it is AMP or WDS. (Beginning or ending of alphabet) Conditional orders triggered by the change in ASX prices during the opening process will be submitted to the ASX market after 10:00:00am. An additional continuous trading period will begin at the conclusion of the Closing Single Price Auction, beginning at 16:11:00pm and ending at 16:21:30pm, called the Post Close, where additional liquidity can be traded at the fixed closing auction price for the particular instrument. For example if the Closing Single Price Auction resulted in a fixed closing auction price of $42.00 in BHP, then additional trading at this price will be permitted up until 16:21:30pm. Residual orders at the fixed closing auction price will be carried forward to the post close trading session automatically and queue priority will be preserved (meaning they could be executed in post close - depending on available liquidity). Any orders placed or amended during this time period must be at the fixed closing auction price to participate in the post close, otherwise they will be rejected. Orders can still be cancelled during the period, provided they are not filled during the post close prior to your attempt. If there is no closing auction for a particular security there will be no post close trading session for that security. After 16:21:30pm new orders, order amendments and cancellations can be made as they can today, and will be queued for submission to the market the following trading day.
The real reason for the ASX’s silly rebrand The embattled market operator revealed a new “brand identity” as ASIC investigates governance and compliance failures. Mark Di Stefano Columnist Jun 19, 2025 https://www.afr.com/rear-window/the-real-reason-for-the-asx-s-silly-rebrand-20250619-p5m8so ASIC chairman Joe Longo launched a missile at the ASX’s Helen Lofthouse earlier this week with an unprecedented inquiry into the market operator’s run of failures. It should have been a clarifying moment for the ASX chief executive about the widely held view that Australia’s sharemarket is held together with chewing gum and string. Out with the old ASX logo and in with the new. No better time than the present, then, for ASX’s marketing chief Theresa Lintvelt to unveil on Thursday morning the company’s new “brand identity”. That is marketing wank for a logo. “At the heart of the logo is the X”... (here we go)… “represented by two intersecting arrows symbolising direction”… (huh?)… “at the centre is a triangular device, a universal symbol of momentum and moving forward”… (???). It doesn’t scream out at you, but Lintvelt is saying this “triangular device” was created by the crosses in X. It would make it a lazy rip-off of an idea central to the logo of US delivery service FedEx. Its logo has a hidden arrow that has been famous in marketing circles since 1994. Do you reckon someone like Todd Sampson tried to pass this off to Lintvelt and the ASX as their own idea too? “Yeah the arrow, it’s uh, a clever triangular device, that well, taps into our inner yearning for momentum and moving forward”. Sure. The problem with rebrands, among other things, is that they’re expensive, which almost always makes people wonder why they’re spending even a dollar on updating the old design. The last ASX one was fine, retro even. The new one is deadening, like for a generic health insurance company in the background of a Netflix show. The real reason for launching the “brand identity” is because the ASX will soon move into its new digs at 39 Martin Place. The operator is a key tenant in “Sydney’s most prestigious commercial address”. They have harbour views, obviously. Then the ASX lodged DA filings with the City of Sydney last week to have its logos erected onto the building. “The hours of operation of the illuminated signage will be 24 hours, 7 days a week,” reads the notice. So the rebrand couldn’t wait because they need to put the ASX “sky sign” on their new headquarters (due to be moved into in October). ASIC appears to be moving quickly to set up the sweeping inquiry (AGL’s Christine Holman and CBA’s Rob Whitfield have been short-listed to advise). Longo’s vision of the probe is akin to the Australian Prudential Regulation Authority’s inquiry into CBA’s money laundering scandal in 2017-2018. At the time, Wayne Byers was chair of the prudential regulator. What are the chances, Byers now sits on the board of the ASX. Lofthouse has sounded almost welcoming of all this because it would give them the chance to provide “transparency on the work we have done, and the work that we still have to [do].” Maybe she can point to the top of the building. It’s a bird. It’s a plane. It’s a company with their priorities straight.