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 ...
based in
Australia
Australia, officially the Commonwealth of Australia, is a country comprising mainland Australia, the mainland of the Australia (continent), Australian continent, the island of Tasmania and list of islands of Australia, numerous smaller isl ...
.
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 (ASX) is an Australian public company that operates Australia's primary Exchange (organized market), securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or c ...
. It listed various small companies,
property trusts, and community-based businesses (such as community bank
franchises
Franchise may refer to:
Arts, entertainment, and media
* Media franchise, a collection of related creative works, such as films, video games, books, etc., particularly in North American usage
* "Franchise" (short story), a 1955 short story ...
of the
Bendigo Bank
Bendigo and Adelaide Bank (trading as Bendigo 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.
Prior to the merger, ...
).
Trading was all-electronic, conducted by an
order matching system
An order matching system or simply matching system is an electronic system that matches order (exchange), buy and sell orders for a stock market, commodity market or other financial exchanges. The order matching system is the core of all electron ...
in strict price time order. Trading hours were from 9.00am until 2.30pm each weekday after being aligned with
Newcastle Stock Exchange hours. The trading system had been merged onto the NSX NETS platform where
stockbroker
A stockbroker is an individual or company that buys and sells stocks and other investments for a financial market participant in return for a commission, markup, or fee. In most countries they are regulated as a broker or broker-dealer and ...
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
Melbourne ( , ; Boonwurrung language, Boonwurrung/ or ) is the List of Australian capital cities, capital and List of cities in Australia by population, most populous city of the States and territories of Australia, Australian state of Victori ...
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 was a severe global economic downturn from 1929 to 1939. The period was characterized by high rates of unemployment and poverty, drastic reductions in industrial production and international trade, and widespread bank and ...
of the 1930s hit the exchange hard, and
World War II
World War II or the Second World War (1 September 1939 – 2 September 1945) was a World war, global conflict between two coalitions: the Allies of World War II, Allies and the Axis powers. World War II by country, Nearly all of the wo ...
saw the closure of almost all mines.
In June 2012, it was purchased by the
National Stock Exchange of Australia
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 2006 ...
who decided to shut it down.
Bendigo Stock Exchange closing
/ref>
NSX Limited
NSX Limited acquired BSX on 12 April 2005.
See also
* List of stock exchanges in the Commonwealth of Nations
This is a list of active stock exchanges in the Commonwealth of Nations (Full Members). The Commonwealth of Nations features member-states located on all major continents and represents almost one-third of the Earth's population. Some states ha ...
* List of stock exchanges
A list is a set of discrete items of information collected and set forth in some format for utility, entertainment, or other purposes. A list may be memorialized in any number of ways, including existing only in the mind of the list-maker, but ...
* Stockbroker
A stockbroker is an individual or company that buys and sells stocks and other investments for a financial market participant in return for a commission, markup, or fee. In most countries they are regulated as a broker or broker-dealer and ...
* Brokerage firm
A broker is a person or entity that arranges transactions between a Purchasing, buyer and a sales, seller. This may be done for a commission (remuneration), commission when the deal is executed. A broker who also acts as a seller or as a buyer b ...
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 (state)
Defunct stock exchanges
Financial services companies disestablished in 2012
1860s establishments in Australia
2012 disestablishments in Australia
Defunct financial services companies of Australia