The attraction for investors is that they will be able to get an allocation of often difficult to obtain premium wine at pre-release prices and trade securities covering a variety of wine types, brands and vintages.
A number of quality wine producers have expressed strong interest in listing a proportion of their production as Wine Securities on the Exchange, as the listing will provide the producers with access to a new source of working capital to helpwith the growth and expansion of their businesses.
According to Mr Warwick Evans, CEO of the NSX, the agreement would boost the number of listings on the NSX to over one hundred by the middle of next year. "This initiative continues the NSX philosophy of developing those segments of the economy requiring tradeable securities as well as fulfilling the role of a marketplace for innovative and growing businesses," Mr Evans said.
"The NSX is currently holding discussions with a number of other parties regarding new products that will be listed on the Exchange.
"Importantly for the NSX, agreement with the Wine Exchange will establish a significant income stream, which will be a strong boost to its financial strength.
"Additionally, the NSX is expecting an increase in the number of registered stockbrokers from the current level of eight.
"These events are major steps forward in confirming both the long-term viability of the NSX and the cementing of its position as a strong complementary alternative exchange to the ASX," Mr Evans said. NSX is one of three licenced stock exchanges in Australia.
