National Stock Exchange of Australia (NSX) is a

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 ...

based in

Sydney Sydney ( ) is the capital city of the state of New South Wales, and the most populous city in both Australia and Oceania. Located on Australia's east coast, the metropolis surrounds Sydney Harbour and extends about towards the Blue Mountain ...

New South Wales ) , nickname = , image_map = New South Wales in Australia.svg , map_caption = Location of New South Wales in AustraliaCoordinates: , subdivision_type = Country , subdivision_name = Australia , established_title = Before federation , es ...

Australia Australia, officially the Commonwealth of Australia, is a Sovereign state, sovereign country comprising the mainland of the Australia (continent), Australian continent, the island of Tasmania, and numerous List of islands of Australia, sma ...

. It is owned and operated by NSX Limited, which is listed on the

Australian Securities Exchange Australian Securities Exchange Ltd or ASX, is an Australian public company that operates Australia's primary securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or confused within Australia as ...

on 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 Nasdaq, Inc. is an American multinational financial services corporation that owns and operates three stock exchanges in the United States: the namesake Nasdaq stock exchange, the Philadelphia Stock Exchange, and the Boston Stock Exchange, and ...

X-stream

trading platform In finance, an electronic trading platform also known as an online trading platform, is a computer software program that can be used to place orders for financial products over a network with a financial intermediary. Various financial products c ...

. Settlement of securities is electronic and on a T+2 basis utilising the ASX Settlement and Transfer Corporation's ("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 be significant companies such as Golden Circle and Ricegrowers ( Sunrice). It was reactivated in its present form in 2000 with about 70 listed companies.

Timeline of significant events

* 1937: Newcastle Stock Exchange was formed. * 1939: Newcastle Stock Exchange was officially recognised under the Act. * 1940: J. J. Price, Newcastle Stock Exchange chairman, suspended all meetings until after the

Second World War World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposin ...

. * 1947: Meetings recommenced. * 1985: Meetings ceased. * 2000: The Newcastle Stock Exchange was re-established. * 2005: Acquired the Bendigo Stock Exchange (now called IR Plus Securities Exchange), including the operation of the BSX Taxi Market * 2006: Newcastle Stock Exchange was renamed to ''National Stock Exchange of Australia Limited''. * 2007: Acquired The Water Exchange * 2010: Sold The Water Exchange * 2011: Operations of the BSX Taxi Market ceased * 2016: Office and operations relocated to Sydney, Australia.

IR Plus Securities Exchange

NSX Limited acquired

Bendigo Stock Exchange Bendigo Stock Exchange (BSX) was a small stock exchange based in Australia. The exchange targeted its listing rules at small to medium-sized businesses and offered lower listing fees than the Australian Securities Exchange. It listed various s ...

(BSX) on 12 April 2005. At the time the BSX facilitated the trading of Community Bank branches of Bendigo Bank in an uncertificated market. The BSX will be renamed SIM Venture Securities Exchange (2010) with the objective of listing securities that have

cleantech Clean technology, in short cleantech, is any process, product, or service that reduces negative environmental impacts through significant energy efficiency improvements, the sustainable use of resources, or environmental protection activities. Cle ...

credentials. The exchange is now known as IR Plus Securities Exchange.

Taxi Market and National Licence Market

NSX created the first publicly tradeable taxi licence market in conjunction with the

Victorian Taxi Directorate Commercial Passenger Vehicles Victoria (CPVV), until 2 June 2018 called the Taxi Services Commission (TSC), is the Government agency responsible for the regulation of the taxi and hire car industries in the State of Victoria, Australia. Befor ...

. The market started trading on 28 March 2006. Licences and temporary transfers were traded. The National Licence Exchange replicated the Taxi Market, but on a national basis. The National Licence Exchange ceased operations in 2011.

The Water Exchange

NSX Limited acquired The Water Exchange on 19 October 2007. The Water Exchange facilitated the trading of permanent and temporary water entitlements within Australia. In December 2010 NSX Limited announced the sale of The Water Exchange to Envex Water Limited.

Trading systems

Both the NSX and IR Plus operate on international standard electronic trading systems and settlement is available electronically via ASX Clear CHESS system or manually for non-CHESS enrolled securities. Settlement is on a T+2 basis.

Trading schedule

National Stock Exchange of Australia has a start-of-day enquiry session from 2:30am to 3:00am, a pre-open session from 3:00am to 10:00am, a normal trading session from 10:00am to 4:15pm, and a post-market session (end-of-day enquiry) from 4:15pm to 11:00pm (all times in

AEST Australia uses three main time zones: Australian Western Standard Time (AWST; UTC+08:00), Australian Central Standard Time (ACST; UTC+09:30), and Australian Eastern Standard Time (AEST; UTC+10:00). Time is regulated by the individual state gov ...

). Current holidays: Australia Day (January), Good Friday, Easter Monday, Anzac Day (25 April), Queen's Birthday (June) and Christmas Day (25 December) and New Year's Day (1 January).

Indices

Below is the list of all NSX indices:

References

{{Reflist

External links

NSX web site
Stock exchanges in Australia Economy of New South Wales Financial services companies established in 1937 Financial services companies based in Sydney Australian companies established in 1937