National Stock Exchange of Australia
(NSX) is a stock exchange
based in Newcastle
. It is owned and operated by NSX Limited, which is listed on the Australian Securities Exchange
(listed 13 January 2005). On 20 December 2006 the Newcastle Stock Exchange formally sought approval and was granted a change of name by the Minister to National Stock Exchange of Australia and still trades by the acronym of NSX.
The NSX lists various companies within Australia and overseas that meet its listing rule requirements. Trading is all-electronic based on time and price priority using NETS (the NSX Electronic Trading System) which is based on the NASDAQ OMX
X-stream trading platform. Settlement of securities is electronic and on a T+3
basis utilising the ASTC CHESS system.
The NSX was founded in 1937 and in the past had listed as many as 300 local and regional companies. Some grew to become significant businesses, such as Brambles Limited
. It was reactivated in its present form in 2000.
Bendigo Stock Exchange
NSX Limited acquired Bendigo
Stock Exchange (BSX) on 12 April 2005. BSX facilitates the trading of Bendigo Community Banks in an uncertificated market. Pending approval from the Minister the BSX will be renamed SIM Venture Securities Exchange (2010) with the objective of listing securities that have cleantech
credentials. The bank securities will continue to be traded on a BSX Board within the SIM market.
Taxi Market and National Licence Market
NSX created the... Read More