National Stock Exchange of Australia
From Wikipedia, the free encyclopedia
National Stock Exchange of Australia (NSX) is a small stock exchange based in Newcastle, Australia. 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 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 companies within Australia and overseas that meet its listing rules requirements. 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.
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[edit] Bendigo Stock Exchange
NSX Limited acquired Bendigo Stock Exchange (BSX) on 12 April 2005. BSX facilitates the trading of Bendigo Community Banks and other organisations in an uncertificated market.
[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] The Water Exchange
NSX Limited acquired The Water Exchange on 19 October 2007. The Water Exchange facilitates the trading in water entitlements within Australia.
[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.
