Bendigo Stock Exchange
Encyclopedia
Bendigo Stock Exchange 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 trust
s, 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 broker
s can trade either market.
s 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.
Stock exchange
A stock exchange is an entity that provides services for stock brokers and traders to trade stocks, bonds, and other securities. Stock exchanges also provide facilities for issue and redemption of securities and other financial instruments, and capital events including the payment of income and...
based in Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
.
The exchange targets its listing rules at small to medium sized businesses and offers lower listing fees than the Australian Stock Exchange
Australian Stock Exchange
The Australian Securities Exchange was created by the merger of the Australian Stock Exchange and the Sydney Futures Exchange in July 2006. It is the primary stock exchange group in Australia....
. It lists various small companies, property trust
Real estate investment trust
A real estate investment trust or REIT is a tax designation for a corporate entity investing in real estate. The purpose of this designation is to reduce or eliminate corporate tax. In return, REITs are required to distribute 90% of their taxable income into the hands of investors...
s, and community-based businesses (such as community bank franchises
Franchising
Franchising is the practice of using another firm's successful business model. The word 'franchise' is of anglo-French derivation - from franc- meaning free, and is used both as a noun and as a verb....
of the Bendigo Bank
Bendigo Bank
Bendigo Bank is an Australian financial institution, operating primarily in retail banking. The company merged with Adelaide Bank in November 2007, with shareholders voting in March 2008 to change the merged company’s name to Bendigo and Adelaide Bank Limited.Before the merger, 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 broker
Stock broker
A stock broker or stockbroker is a regulated professional broker who buys and sells shares and other securities through market makers or Agency Only Firms on behalf of investors...
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 goldfieldGold mining
Gold mining is the removal of gold from the ground. There are several techniques and processes by which gold may be extracted from the earth.-History:...
s of Bendigo and surrounding areas.
The 1870s were the heyday of the exchange, business was booming, and special trains brought investors from Melbourne
Melbourne
Melbourne is the capital and most populous city in the state of Victoria, and the second most populous city in Australia. The Melbourne City Centre is the hub of the greater metropolitan area and the Census statistical division—of which "Melbourne" is the common name. As of June 2009, the greater...
to buy shares. In November 1871, the exchange had over 1300 listed companies, with a total capitalization around £10,000,000.
The great depression
Great Depression
The Great Depression was a severe worldwide economic depression in the decade preceding World War II. The timing of the Great Depression varied across nations, but in most countries it started in about 1929 and lasted until the late 1930s or early 1940s...
of the 1930s hit the exchange hard, and World War II
World War II
World War II, or the Second World War , was a global conflict lasting from 1939 to 1945, involving most of the world's nations—including all of the great powers—eventually forming two opposing military alliances: the Allies and the Axis...
saw the closure of almost all mines.