National Stock Exchange of Australia
Encyclopedia
National Stock Exchange of Australia (NSX) is a 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 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.
. It was reactivated in its present form in 2000.
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.
Stock exchange
A stock exchange is an entity that provides services for stock brokers and traders to trade stocks, bonds, and other securities. Stock exchanges also provide facilities for issue and redemption of securities and other financial instruments, and capital events including the payment of income and...
based in Newcastle
Newcastle, New South Wales
The Newcastle metropolitan area is the second most populated area in the Australian state of New South Wales and includes most of the Newcastle and Lake Macquarie Local Government Areas...
, Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
. It is owned and operated by NSX Limited, which is listed on the Australian Securities Exchange
Australian Securities Exchange
The Australian Securities Exchange was created by the merger of the Australian Stock Exchange and the Sydney Futures Exchange in July 2006. It is the primary stock exchange group in Australia....
(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
T+3
Settling Securities Transactions, T+3Investors must complete or "settle" their security transactions within three business days. This settlement cycle is known as "T+3," shorthand for "trade date plus three days."...
basis utilising the ASTC CHESS system.
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 LimitedBrambles Limited
Brambles Limited is a support services business listed on the Australian Securities Exchange.-History:Brambles traces its history to 1875, when Walter Bramble began his career in Newcastle, north of Sydney, Australia. Brambles Industries Limited first listed in Australia in 1954...
. It was reactivated in its present form in 2000.
Bendigo Stock Exchange
NSX Limited acquired BendigoBendigo, Victoria
Bendigo is a major regional city in the state of Victoria, Australia, located very close to the geographical centre of the state and approximately north west of the state capital Melbourne. It is the second largest inland city and fourth most populous city in the state. The estimated urban...
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.