Geoff Wilson speech at the ASX BookBuild Facility launch last Thursday evening: Firstly, I would like to thank the Australian Securities Exchange, the On-Market BookBuilds team and the stockbrokers that are supporting this revolutionary financial industry development. I would also like to thank the Australian Securities Exchange for being a global visionary and continually embracing new technology. 100 years ago, shares were traded on the Australian Stock Exchanges using the auction-based call system, which saw a stock exchange employee call the name of each listed company while the stockbrokers bought or sold the stock at each call. This was done twice a day. In the 1960's, due to increasing volumes, this trading method was replaced by the post or open outcry system, which was in turn replaced in 1990 by the technologically advanced Seats System. The Australian Securities Exchange was one of the first exchanges ...(VIEW LINK)


Please sign in to comment on this wire.