The ASX is set to come up against another rival trading venue for stocks, as the National Stock Exchange of Australia ramps up its plans, seeking to gain support from brokers and investors to challenge the main bourse and up-for-sale competitor Cboe Australia.
The NSX, acquired last year by the owner of the Canadian Securities Exchange, CNSX Global Markets, will on Tuesday announce an upgrade of its equities platform to facilitate trading of ASX-listed stocks. As part of the plan, the NSX is in talks with the corporate regulator and stockbrokers, and the exchange has identified a data centre location in Sydney from which it plans to operate.
Source: https://www.afr.com/companies/financial-services/a-rival-plans-to-take-on-the-asx-as-australia-s-third-trading-venue-20260402-p5zl0v