a market capitalization weighted index. The index represents 500 of the largest companies listed on the Australian Securities Exchange (ASX), which was established in 2006 by a merger of the Australian Stock Exchange and the Sydney Futures Exchange. Market capitalization is the only eligibility requirement of constituents, as liquidity is not considered for this index, with the exception of foreign domiciled companies. The index was established by the ASX in 1980 and supplanted as the market’s leading indicator by the S&P/ASX 200 in 2000.