Sydney Futures Exchange (SFE) is the only futures exchange in Australia. It can be said that the history of SFE is the development history of Australian futures market. SFE was founded in 1960, when it started trading wool futures. 1979, becoming the first country to launch financial futures except the United States; From 65438 to 0984, SFE began trading stock index futures; 1989, the electronic trading platform SYCOM was established and began to conduct 24-hour uninterrupted trading. 1992, SFE merged with New Zealand Futures Options Exchange; 1994 introduces stock futures trading; 1999, completely abolish the trading mode of manual bidding and become a completely electronic futures exchange; On September 1 1 day, 2000, SFE was transformed from a limited liability company into a joint stock limited company, and a total of108,999,978 shares were issued. By the end of 1999, the income of Sydney Stock Exchange was 64 million, the pre-tax operating profit was 1 1 10,000, and the net assets were 99 million. The corporatized Sydney Futures Exchange Limited was officially listed on the Australian Stock Exchange on April 6, 2002. 100% holds four subsidiaries of Sydney Futures Exchange Limited SFE, New Zealand Futures Options Exchange Limited, Australia Clearing Limited and Sydney Futures Exchange Clearing Company. In 2003, the after-tax net profit of listed parent companies was 38.8 million, an increase of 44.5% compared with 26.8 million in 2002. 7% growth, two years after listing, the stock price has also climbed all the way, with an increase of nearly 50%.