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 which is based on the NASDAQ OMX X-stream trading platform. Settlement of securities is electronic and on a T+2 basis utilising the ASX Settlement and Transfer Corporation's 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. 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.
1947: Meetings recommenced.
1985: Meetings ceased.
2000: The Newcastle Stock Exchange was re-established.
2005: Acquired the Bendigo Stock Exchange, including the operation of the BSX Taxi Market
2006: Newcastle Stock Exchange was renamed to National Stock Exchange of Australia Limited.
2016: Office and operations relocated to Sydney, Australia.
IR Plus Securities Exchange
NSX Limited acquired Bendigo Stock Exchange 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 with the objective of listing securities that have cleantech 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. 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 from 4:15pm to 11:00pm. Current holidays: Australia Day, Good Friday, Easter Monday, Anzac Day, Queen's Birthday and Christmas Day and New Year's Day.
