The Joint Venture is tasked with pursuing a business model which establishes an Asian Commodities and Agricultural Electronic Derivatives Exchange (‘COM-AGEX ASIA’) under the umbrella of an Australian Market License environment.
It is expected that the new Derivatives Exchange will create and trade a range of specially designed Asian Benchmark instruments and financial products on an integrated futures and options trading platform.
New operating rules will be lodged with the Australian Securities & Investments Commission with the purpose of varying licence conditions to the existing Bendigo Stock Exchange Limited Australian Market Licence.
The strategy is driven by the view of the renewed significance of commodities as a formal ‘true alternate’ asset class. The Exchange will be sufficiently differentiated from other Exchanges by way of product and user market focus.
About NSX Limited
NSX is the holding company of the Stock Exchange of Newcastle Limited and Bendigo Stock Exchange Limited which are Australian Market Licencees. These exchanges currently trade equity, equity linked, debt and property securities.
About COM-AGEX Asia
COM-AGEX Asia is a fully owned subsidiary of Iron Mountain Pty Limited within the
Iron Mountain Group. Iron Mountain Pty Ltd specializes in the design, implementation and management of alternate investment strategies primarily through the use of exchange traded and over the counter financial derivative products.
NSX Forward Looking Statements
This Market Release may contain forward looking statements that reflect
the Company’s current expectations regarding future events. Forward looking statements involve risks and uncertainties. Actual events could differ materially from those that may be projected herein and depend on a factors foremost of which is the success of NSX in attracting listings to its markets.
