Layout
TXL Data organises its ASX database into the folders comprising of the
following security types. A description of each security type is below
the table. Only those securities in your subscription packages will be
updated.
| Subscription
Package |
ASX Subfolder |
Security Types |
| Equities |
Equities |
Ordinary Shares (both partly and fully paid)
Preference Shares (both partly and fully paid)
Unit Trusts
Rights & Entitlements
Company Options
Exchange Traded Fund Units |
| Indices |
S&P/ASX Indices |
| Derivatives |
Exchange Traded Options |
Call Options
Put Options
Low Exercise Price Options |
| Interest Bearing Securities |
Convertible Notes
Screen-Traded Unsecured Notes
Floating Rate Notes
Wholesale Corporate Interest Rate Securities |
| Warrants |
Call Warrants
Put Warrants
High Denomination Warrants |
| Indicators |
Indicators |
Total Market Advance Decline Line
ASX 100 Advance Decline Line
Put/Call Ratio
Implied Volatilities |
|
Folder Layout |
Top |
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Every security type subfolder except the indices folder
has a clean A-Z alphabetical folder structure to make location of stocks
very easy. In addition to the A-Z folder structure, TXL Data users can
elect to use the Custom Folders to create their own folders which are updated
and maintained at the same time as the A-Z folders. |
Ordinary Shares - equivalent to "Common Stock" in the U.S. -
the most common form of share ownership. Ordinary shareholders are
part-owners of a company. They have voting rights and are entitled to dividends
out of company profits, although preference share-holders are always paid first.
Ordinary shareholders also rank behind preference shareholders and secured
creditors in claims to a company's remaining capital in the event of
liquidation.
Preference Shares - shares that rank before ordinary shares in entitlement to
dividends and capital (see above). Preference shares are often assigned a fixed
rate of dividend return.
Partly-paid Shares - also known as Contributing Shares - shares on which the
holder owes an outstanding balance to the company, which may be called at some
later date. If the case of a No Liability Company, the holder has the option of
forfeiting the shares rather than paying the balance.
Unit Trusts - pooled investments, where the funds are held with a trustee
company and a manager is employed to invest the funds on behalf of the
unitholders.
Rights & Entitlements - new shares made available to existing shareholders for
purchase, the number of shares being in proportion to the current holding. The
new shares are often issued at a discount to the current price. A rights issue (renounceable)
may be on-sold by an existing holder but an entitlement issue (non-renounceable)
must be either taken up or allowed to lapse.
Company Options - securities issued by a company, which bind it to issue shares
to the option-holder at a certain price (and at a certain time) if the holder
chooses to take up those shares.
Exchange Traded Fund Units - hybrid securities that trade on the ASX equities
market. An ETF is a managed index fund whose units trade like ordinary shares.
ETFs offer direct and convenient exposure to the performance of an index like
the S&P/ASX 200.
The S&P/ASX Indices are those indices calculated and managed
by Standard & Poors that are published daily by the ASX.
In April 2000, the ASX's Index business was contracted out to Standard & Poors.
The exchange's hope was that a global index manager working to international
standards would bring a higher international profile to the exchange. S&P
immediately began to make changes to the indices, introducing the S&P/ASX 200
(amongst others) and modifying the existing All Ordinaries Index.
Further changes are planned. In particular, the existing method of classifying
ASX industry sectors will be phased out and replaced by a new system based on
the Global Indices Classification Standard (GICS). Before 2000, the ASX operated
24 sector indices. These were discontinued on 28 June 2002. TXL Data
provides history for these discontinued indices.
The GIC standard, as applied to the ASX, involves 12 core economic sectors. S&P
began calculating prices for indices based on these sectors in April 2000.
Springing from these core sectors are 23 industry groups, 59 industries and 123
sub-industries.
Total Market Advance Decline Line (code ASX_AD) - the number
of advancing issues minus the number of declining issues, kept as a daily
running total. Divergences between an Advance Decline Line and an underlying
index are often interpreted as an imminent market trend change.
ASX 100 Advance Decline Line (code XTO_AD) - as above, but calculated on the ASX
100 rather than the total market.
Put/Call Ratio (code ASX_PC) - the number of Put Option contracts traded divided
by the number of Call Option contracts traded.
Implied Volatilities - An implied volatility of a stock is created by taking a
basket of Exchange Traded Options that trade against a given security,
determining the implied volatility that is priced into each option and then
averaging the volatilities to give a single Implied Volatility value.
By using true market forces to determine the volatility, rather than by sampling
historical data, this provides an instantaneous volatility as determined by
professional traders trading options against the underlying stock. Analysis of
Implied Volatility can be useful to both share traders and options traders.
This method was popularised by the Chicago Board Options Exchange (CBOE) S&P 500
Volatility Index (VIX) and is often called the "Investor Fear Gauge". The
methodology has been adapted by Norgate Investor Services to the underlying
stocks and indices on the ASX for which Exchange Traded Options trade.
|
Exchange Traded Options |
Top |
Exchange traded options are options created and traded
through a derivatives exchange rather than directly between counter-parties.
Call Option - a security which gives the holder the right (but not the
obligation) to buy a fixed number of shares from the grantor of the option at a
certain price (the exercise price) by a certain time (the expiration date).
Put Option - a security which gives the holder the right (but not the
obligation) to sell a fixed number of shares to the grantor of the option at a
certain price (the exercise price) by a certain time (the expiration date).
|
Interest Bearing Securities |
Top |
Convertible Notes - fixed interest loan securities issued by
a company which may be redeemed for cash or converted into shares in the company
by a certain date according to the terms of the particular issue.
Option-like securities that are traded on the ASX's equities
market. Warrants are issued by approved financial institutions rather than
granted by individuals operating through a derivatives exchange mechanism. They
may be issued over company shares, indices, currencies or commodities.
Generally-speaking, warrants have a much longer life-span than options.
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