Australia’s second largest listing stock exchange, the National Stock Exchange of Australia, has signed an agreement that will see it compete more evenly with the ASX.
The agreement, with Australian technology company IRESS, ensures that clients of IRESS will be able to trade securities listed on the NSX through IRESS. The introduction of trading through IRESS builds on the existing market data feed of NSX securities available through IRESS.
Commenting on the agreement with IRESS NSX Managing Director, Ann Bowering, said: “We are delighted to be working with IRESS to provide direct access to trading on the NSX market by leveraging the IRESS network and trading community.
“It is essential that NSX provide companies listed on our exchange access to Australia’s broking network, and this has been easily facilitated through IRESS’ network.
“In doing so we have given our listed companies access to significantly greater liquidity across SMSF, wholesale and retail investors, using the market leading access model.
“This connectivity will form the back-bone of product and service innovation by NSX, which will focus on providing a more integrated, end-to-end solution to NSX listed companies and their investors.”
IRESS Managing Director of Financial Markets for Australia and New Zealand, Kirsty Gross, added, “This is good news for IRESS users, as it provides seamless access to a further local stock exchange building on the range of domestic and international exchanges on offer.”
The NSX has over 80 securities in its exchange, boasting a combined market capitalisation of approximately AUD $5 billion.
This is is a syndicated post. Read the original version of this content at – Iress : Trading to National Stock Exchange available on IRESS