> For the complete documentation index, see [llms.txt](https://adamdavidlong.gitbook.io/lawsnap-guide-to-smart-contracts/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://adamdavidlong.gitbook.io/lawsnap-guide-to-smart-contracts/applications/smart-contract-use-cases/stock-exchanges/australian-securities-exchange.md).

# Australian Securities Exchange

The Australian Securities Exchange ("ASX") is the primary stock exchange for Australia and one of the top 20 stock exchanges in the world.\[[1\]](/lawsnap-guide-to-smart-contracts/applications/smart-contract-use-cases/stock-exchanges/australian-securities-exchange.md#sources)\[[2](/lawsnap-guide-to-smart-contracts/applications/smart-contract-use-cases/stock-exchanges/australian-securities-exchange.md#sources)]

Replacement

In 2017, the ASX announced that it would become the first stock exchange in the world to build a settlement and clearance system based on smart contracts and distributed ledger technology. 

Led by Digital Asset 

## Links

The ASX official site, [About CHESS Replacement](https://www2.asx.com.au/markets/clearing-and-settlement-services/chess-replacement/about-chess-replacement), providing background and updates on the. project

## Sources

\[1] Relbanks.com [World's Largest Stock Exchanges](https://www.relbanks.com/stock-exchanges/largest-stock-exchanges)

\[2] Visualcapitalist.com [All of the World's Stock Exchanges by Size](http://money.visualcapitalist.com/all-of-the-worlds-stock-exchanges-by-size/)