The big news for Australian investors this week isn’t rate cuts or what Trump may or may not do on tariffs, but that the Canadian Securities Exchange is buying the NSX. This is because Australia might finally have a legitimate secondary exchange – in our view, if not now, then it never will.
Before we go further, we would like to clarify by legitimate we aren’t denying the NSX never existed. But the low liquidity means that you cannot realistically say it is a genuine secondary exchange that the UK’s AIM is to the LSE and the CSE is to the TSE (we’ll outline how in this article). But maybe now, things might be about to change for the NSX due to this tie up.
The Canadian Securities Exchange is buying the NSX
The CSE and NSX announced their tie-up on Monday. The deal will see the NSX’s shares delist from the ASX with the CSE paying $0.035 per share for fully paid ordinary shares. The deal represented a 59% premium to…
