ðɪ ɚɹˈɪdʒɪnəl bˈɜːn ɛkstʃˈeɪndʒ ɪmˈɜːdʒd fɹʌmðə bˈɜːn bˈæŋk ɐsˌoʊsɪˈeɪʃən, wˌɪtʃ wʌz fˈaʊndᵻd ˌɔn twˈɛnti ˈeɪt dʒˈænjuːˌɛɹi wˈʌn θˈaʊzənd ˈeɪthˈʌndɹɪd ˈeɪɾi baɪ nˈaɪn bˈæŋks ænd fˈoːɹtiːn pɹˈaɪvət kˈʌmpəniz.
The original Berne Exchange emerged from the Berne Bank Association, which was founded on 28 January 1880 by nine banks and 14 private companies.