Bendigo Stock Exchange
From Wikipedia, the free encyclopedia
Bendigo Stock Exchange (BSX) is a small stock exchange based in Australia.
The exchange targets its listing rules at small to medium sized businesses and offers lower listing fees than the Australian Stock Exchange. It lists various small companies, property trusts, and community-based businesses (such as community bank franchises of the Bendigo Bank).
Trading is all-electronic, conducted by an order-matching system in strict price time order. Trading hours are from 9.00am until 2.30pm each weekday after being aligned with Newcastle Stock Exchange hours. The trading system has been merged onto the NSX NETS platform where stock brokers can trade either market.
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[edit] 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 of the 1930s hit the exchange hard, and World War II saw the closure of almost all mines.
[edit] NSX Limited
NSX Limited acquired BSX on 12th April 2005.
