Newcastle Stock Exchange

From Wikipedia, the free encyclopedia

Newcastle Stock Exchange (NSX) is a small stock exchange based in Newcastle, Australia. It is owned and operated by NSX Limited, which is listed on the Australian Stock Exchange (listed 13 January 2005). On 20 December 2006 the Newcastle Stock Exchange formerly 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 small companies. Trading is all-electronic based on time and price priority using NETS (the NSX Electronic Trading System) which is based on OMX Group Software. Settlement of securities is electronic and on a T+3 basis utilising the ASTC CHESS system.

1 Bendigo Stock Exchange
2 The Wollongong Exchange
3 Taxi Market
4 History
5 References
6 See also

[edit] Bendigo Stock Exchange

NSX Limited acquired Bendigo Stock Exchange on 12 April 2005.

[edit] The Wollongong Exchange

The Wollongong Exchange is a sub-market of the NSX, based in Wollongong. It was established 27 October 2005 as a joint venture between NSX Limited, the Wollongong City Council, and the Illawarra Business Chamber. It targets small to medium-sized businesses in the Illawarra region, with easier listing requirements than the Australian Stock Exchange.

[edit] Taxi Market

NSX created the first publicly tradeable taxi licence market in conjunction with the Victorian Taxi Directorate. The market started trading on 28 March 2006.

[edit] History

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.