National Stock Exchange (Australia) to open new Financial and Energy Exchange - focused on sustainability and cleantech
Heres an interesting development. A recent story on The Financial Standard comments on the launching of a new Financial and Energy Exchange in Australia:
The Financial & Energy Exchange (FEX) is set to open a new trading board on the Newcastle-based National Stock Exchange (NSX), with high profile green campaigner and former US Vice President Al Gore to give an address at the opening.
The FEX Sustainability and Cleantech Investment Market (FEX-SIM) will open on 14 September, with Gore the special guest speaker. FEX-SIM will operate under the NSW license, targeting the sustainability and cleantech industries.
FEX-SIM board listings will centre around companies committed to identifying and promoting business solutions to promote the transition to a clean and sustainable future. All companies listing on the FEX-SIM board will be subject to NSX listing rules.
Richard Symon, chief executive of NSW, said he was pleased to be a part of the FEX initiative.
“We are delighted to be working with FEX to develop the FEX Sustainability and Cleantech Investment Market.”
FEX-SIM will launch at FEX in Sydney on 14 September.
The NSX has been operating in its present form since 2000 and specialises in the listings of small to medium size companies of capitalisations around AUD$500,000. Many companies that stuggle to find capital in Australia, or are too small or don’t have the funds for an ASX listing have pursued this pathway.
The NSX website in their press release highlights that:
FEX-SIM will be a purpose-built Australasian equity market, operating as a board, and under the Australian Market Licence, of the National Stock Exchange of Australia (NSX). FEX-SIM will be promoted exclusively by Financial & Energy Exchange Limited (FEX) . FEX-SIM will target the fast emerging sustainability and cleantech industry sectors
Cheers
Nick