Business Services Industry
Regional companies get a look in with NSX expansion.
Australasian Business Intelligence, January, 2007
Byline: Robin Bromby
Jan 07, 2007 (The Australian - ABIX via COMTEX) -- Richard Symon, CEO of the National Stock Exchange (NSX) of Australia, says it aims to set up community-owned franchises across the nation. The model would be similar to that of Bendigo Bank, which holds a stake of 14 in what is seen as an alternative for small capitalization companies to the Australian stock exchange operated by ASX Limited. The new NSX entity in 2006 combined the businesses of the small Newcastle Stock Exchange and Bendigo Stock Exchange, and community banks make up a sizeable share of its listed stocks. For some companies, the NSX has been a springboard to a full ASX listing. The local NSX branches would continue to do their trading through the main entity, also...
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