Australia Stock Exchange?


Question:
Can anyone tell me if the Australian Stock Exchange is open to USA investors? Their savings and checking accounts? Thank you.

Answer:
The Australian Stock Exchange (ASX) is only an exchange - it's the stocks themselves you are buying and selling (technically you can also trade the ASX stock).

You can open accounts with many online trading facilities in Australia (like E*TRADE)
Yes it is, although there are limitations if you are a big investor.

Bank accounts can be created in the name of overseas residents, although to do so I recommend using the services of a multinational bank that is used to doing it (eg. Citibank, HSBC etc.)

Cheers,
Richard
Melbourne, Australia
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