Nxchange (stylized as nx’change) is a Dutch

stock exchange A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for th ...

, that is headquartered along the

Herengracht The Herengracht () is the second of four Amsterdam canals belonging to the canal belt and lies between the Singel and the Keizersgracht. The Gouden Bocht (Golden Bend) in particular is known for its large and beautiful canal houses. History Th ...

Amsterdam Amsterdam ( , , , lit. ''The Dam on the River Amstel'') is the Capital of the Netherlands, capital and Municipalities of the Netherlands, most populous city of the Netherlands, with The Hague being the seat of government. It has a population ...

. Founded in 2015, it is one of three stock exchanges operating in the Netherlands.

Trading

According to

CEO A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

Marleen Evertsz, Nxchange is aimed at companies with a large following that wish to raise funds. They can list

stock In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company ...

stock certificate In corporate law, a stock certificate (also known as certificate of stock or share certificate) is a legal document that certifies the legal interest (a bundle of several legal rights) of ownership of a specific number of shares (or, under Ar ...

s, bonds, and

funds Funding is the act of providing resources to finance a need, program, or project. While this is usually in the form of money, it can also take the form of effort or time from an organization or company. Generally, this word is used when a firm uses ...

on the exchange without a minimum issue amount. Investors are able to buy and sell stocks

24/7 In commerce and industry, 24/7 or 24-7 service (usually pronounced "twenty-four seven") is service that is available at any time and usually, every day. An alternate orthography for the numerical part includes 24×7 (usually pronounced "twenty ...

without a

broker A broker is a person or firm who arranges transactions between a buyer and a seller for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Neither role should be confu ...

and can upload reports with financial analyses on the Nxchange platform. Transactions are

settled A settler is a person who has migrated to an area and established a permanent residence there, often to colonize the area. A settler who migrates to an area previously uninhabited or sparsely inhabited may be described as a pioneer. Settle ...

through

delivery versus payment Delivery versus payment or DvP is a common form of settlement for securities. The process involves the simultaneous delivery of all documents necessary to give effect to a transfer of securities in exchange for the receipt of the stipulated payment ...

. Clearing and settling is done by Nxchange itself, and the

securities A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction. In some countries and languages people commonly use the term "security" to refer to any for ...

are held at the giro depot of

Euroclear Euroclear is a Belgium-based financial services company that specializes in the settlement of securities transactions, as well as the safekeeping and asset servicing of these securities. It was founded in 1968 as part of J.P. Morgan & Co. to settl ...

Netherlands.

History

Nxchange B.V. was founded by Marleen Evertsz in February 2015, and the stock exchange opened for trading on April 14, 2016.

Charging infrastructure A charging station, also known as a charge point or electric vehicle supply equipment (EVSE), is a piece of equipment that supplies electrical power for charging plug-in electric vehicles (including electric cars, electric trucks, electric ...

provider

Fastned Fastned is a Dutch company that owns and operates a network of over 200 EV charging stations in the Netherlands, Germany, the United Kingdom, Belgium, and Switzerland. A large majority of its stations are located at Dutch highway rest areas. Fas ...

was the first company listed and managed to raise €3 million during the first month by issuing stock certificates. The stock exchange did not succeed in attracting more companies in its first year. Nxchange received a

Golden Bull A golden bull or chrysobull was a decree issued by Byzantine Emperors and later by monarchs in Europe during the Middle Ages and Renaissance, most notably by the Holy Roman Emperors. The term was originally coined for the golden seal (a ''bull ...

in 2016 in the category "best investment innovation". The company was granted a license to operate as a

multilateral trading facility A multilateral trading facility (MTF) is a European Union regulatory term for a self-regulated financial trading venue. These are alternatives to the traditional stock exchanges where a market is made in securities, typically using electronic s ...

in August 2018 by the Authority for the Financial Markets. It was previously classified solely as a regulated market. In December, Nxchange and

Rabobank Rabobank (; full name: ''Coöperatieve Rabobank U.A.'') is a Dutch multinational banking and financial services company headquartered in Utrecht, Netherlands. The group comprises 89 local Dutch Rabobanks (2019), a central organisation (Raboban ...

announced a cooperation called "Rabo&Crowd", allowing companies to raise money partly by borrowing from the bank and partly by issuing bonds on Nxchange. Several smaller companies have issued bonds using Rabo&Crowd in the subsequent years. In June 2019, Fastned started a listing on the larger stock exchange

Euronext Euronext N.V. (short for European New Exchange Technology) is a pan-European bourse that offers various trading and post-trade services. Traded assets include regulated equities, exchange-traded funds (ETF), warrants and certificates, bonds, de ...

, but its certificates remained tradable on Nxchange. However, it was possible to convert the stock certificates. Later that year, a number of

startups A startup or start-up is a company or project undertaken by an Entrepreneurship, entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship refers to all new businesses, including self-employment and businesses t ...

selected by Startupbootcamp jointly issued share certificates on Nxchange under the name "SBC

Fintech Fintech, a portmanteau of "financial technology", refers to firms using new technology to compete with traditional financial methods in the delivery of financial services. Artificial intelligence, blockchain, cloud computing, and big data are r ...

Amsterdam 1921".

References

{{Reflist

External links

Official website
Companies based in Amsterdam Financial services companies established in 2015 Financial services companies of the Netherlands Stock exchanges in the Netherlands Dutch companies established in 2015

Trading

History

See also

References

External links