Bendigo Stock Exchange (BSX) was a small

stock exchange A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for th ...

based in

Australia Australia, officially the Commonwealth of Australia, is a Sovereign state, sovereign country comprising the mainland of the Australia (continent), Australian continent, the island of Tasmania, and numerous List of islands of Australia, sma ...

. The exchange targeted its listing rules at small to medium-sized businesses and offered lower listing fees than the

Australian Securities Exchange Australian Securities Exchange Ltd or ASX, is an Australian public company that operates Australia's primary securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or confused within Australia as ...

. It listed various small companies, property trusts, and community-based businesses (such as community bank franchises of the

Bendigo Bank Bendigo and Adelaide Bank is an Australian financial institution, operating primarily in retail banking. The company was formed by the merger of Bendigo Bank and Adelaide Bank in November 2007. Before the merger, Bendigo Bank delivered its pr ...

). Trading was all-electronic, conducted by an order matching system in strict price time order. Trading hours were from 9.00am until 2.30pm each weekday after being aligned with

Newcastle Stock Exchange National Stock Exchange of Australia (NSX) is a stock exchange based in Sydney, New South Wales, Australia. It is owned and operated by NSX Limited, which is listed on the Australian Securities Exchange on 13 January 2005. On 20 December ...

hours. The trading system had been merged onto the NSX NETS platform where

stockbroker A stockbroker is a regulated broker, broker-dealer, or registered investment adviser (in the United States) who may provide financial advisory and investment management services and execute transactions such as the purchase or sale of stocks an ...

s can trade either market.

History

The exchange has a long history. It was founded in the 1860s as the Sandhurst Mining Exchange (Bendigo was called Sandhurst before it became a city), to list shares in mining companies working the rich goldfields of Bendigo and surrounding areas. The 1870s were the heyday of the exchange, business was booming, and special trains brought investors from Melbourne to buy shares. In November 1871, the exchange had over 1300 listed companies, with a total capitalization around £10,000,000. The

great depression The Great Depression (19291939) was an economic shock that impacted most countries across the world. It was a period of economic depression that became evident after a major fall in stock prices in the United States. The economic contagio ...

of the 1930s hit the exchange hard, and World War II saw the closure of almost all mines. In June 2012, it was purchased by the National Stock Exchange of Australia who decided to shut it down.Bendigo Stock Exchange closing
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NSX Limited

NSX Limited acquired BSX on 12 April 2005.

References

External links

* (former BSX) * {{cite web, title=BENDIGO STOCK EXCHANGE - HISTORY, url=http://www.bendigo.ws/Our-History/Local-History/Bendigo-Stock-Exchange.html, website=Bendigo, accessdate=19 November 2017 Buildings and structures in Bendigo Stock exchanges in Australia Economic history of Victoria (Australia) Bendigo Defunct stock exchanges Financial services companies disestablished in 2012 1860s establishments in Australia 2012 disestablishments in Australia Defunct financial services companies of Australia

History

NSX Limited

See also

References

External links