Stock Exchange of Melbourne Ltd

Description

Agent TypeOrganisationIdentifierUMA-AG-000001599Activities & OccupationsStock exchangeHistoryIn 1884, competing stock exchanges amalgamated to form the Stock Exchange of Melbourne. Experience of the Depression of the 1890s led the Exchange to introduce the practice of underwriting. With the pre-eminence of Melbourne in Australian financial affairs, the Exchange occupied an important position in the development of a regulated Australian share market. In 1987 the independent stock exchanges in the state capitals amalgamated to form the Australian Stock Exchange.

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Stock Exchange of Melbourne Ltd