Australian Stock Exchange
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The Australian Stock Exchange began in the early days as 6 sperate exchanges all based in different states. The first exchange to be established was the Sydney Stock Exchange in 1871, followed by the Hobart in 1882, Melbourne and Brisbane in 1884, Adelaide in 1887, and Perth in 1889.
In 1985, the members of all six Stock Exchange committees met and discussed the possibility of creating one national stock exchange. All six exchanges agreed to this proposal, and in 1987, all six Australian exchanges combined to create the Australian Stock Exchange Limited ASX. The new exchange was located in Sydney. In the same year, the electronic system of trading called SEATS was introduced to the exchange. Initially used to trade just a few stocks, SEATS (the all electronic trading system) is now the sole system responsible for placing trades.
In 1996, the Australian Stock Exchange became a corporation and in 1998 it went public, listing its shares on its own exchange under symbol ASX. Since it cannot enforce the exchanges rules upon itself, the Australian Securities and Investments Commission ensures that all ASX rules are followed.