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Home  >  Fundamental analysis  >  World exchanges  >  Sydney Futures Exchange (SFE)


Sydney Futures Exchange (SFE)



In the mid-1960s, Sydney was the worlds leading market for greasy wool futures. It became the Sydney Futures Exchange (SFE) in 1972, as the market expanded the list of its futures contracts to include cattle contracts, gold, 90-day bank bills, cash-settled dollar contracts, bonds and many others into the 1980s.

In 1989, the Sydney Futures Exchange (SFE) became the worlds first exchange to introduce a screen-based trading system, SYCOM, for after-hours trading. It acquired the business of the New Zealand Futures and Options Exchange in 1992. In 1994 the SFE launched Individual Shares Futures and by mid-1995 listed ten share futures contracts.

The following year, the SFE set up a link with the New York Mercantile Exchange (Nymex) via SYCOM, which allowed SFE members to trade Nymexs energy products, including the West Texas Intermediate crude oil contract. The alliance ended in 2004.

In 2000, the SFE demutualized and merged with Austraclear. The new corporation, SFE Corp., went public in 2002. The second-largest derivatives exchange in the Asia-Pacific region, the SFE trades options and futures on interest rates, equities, currencies and commodities.

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