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The Asia Pacific Stock Exchange Limited (APX) is changing its name to Sydney Stock Exchange Limited.
Announcing the new name, Sydney Stock Exchange Deputy chairman George Wang said, “We aim to build the Sydney Stock Exchange as a bridge between Australia and Asia’s capital markets, corporates and investors.
“This change is consistent with our strong philosophy and core mission to promote Sydney and Australia as an integral part of Asia and a leading financial centre.
“The change to Sydney Stock Exchange is also driven by our customers and stakeholders. They wanted to be identified as being listed on an exchange of a major financial city. Changing the name to Sydney Stock Exchange provides that association. The name is easily recognizable and resonates across the region.
“Most major exchanges are associated with the big financial centres - London, New York, Hong Kong, Shanghai, for example. The new name reflects both the role of Sydney as a major financial centre in Australia and the Asia Pacific region and the geographic home of the exchange. It also revives and reminds of the rich heritage of the old Sydney Stock Exchange, which was an important trading place in its own right until 1987.
“Now, there will be a new Sydney Stock Exchange. We are committed to building the Sydney Stock Exchange into a vibrant marketplace for Asian and Australian corporates and investors,” George Wang said.
"It is an exciting time for Sydney Stock Exchange. The recent launch of a new market for mining, oil & gas companies has attracted interest. Our recently announced education initiative with the Bombay Stock Exchange will support the governance of our listed companies. We will soon be announcing some developments to support the incubator and accelerator market segment.
This all serves to position Sydney Stock Exchange as an emerging provider of capital raising solutions in a number of market segments,” Mr Wang said.
Sydney Stock Exchange will be a member of Asia Pacific Exchange Group (APX Group), as well as Asia Pacific Finance Institute of Australia, and the Asia Pacific Equity Exchange.
