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Author: blesto Big red star, 1000 posts Global Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 195  
Subject: The BSX Date: 6/19/2012 8:09 AM
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Golden Era Ends for an Australian Stock Exchange

BENDIGO, Australia—The financial symbol of one of the world's legendary gold rushes in the mid-1800s is about to disappear.

The owner of the Bendigo Stock Exchange, which traces its roots to a time when thousands of prospectors descended on Victoria state after gold was discovered by two women washing clothes in a creek, plans to close the institution at the end of June. The move by NSX Ltd. follows a prolonged period of low trading volumes and weak broker support.

Bendigo isn't the only small exchange struggling these days. Others are fighting to remain relevant or independent amid a global rush by bourse operators to consolidate. Another historic institution—the 135-year-old London Metal Exchange, which dominates world trade in metals such as copper and aluminum—is weighing a sale after receiving several approaches.


More + video here;
http://online.wsj.com/article/SB1000142405270230337920457747...

Blimey!
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