The National Stock Exchange of Australia (NSX) has announced that independent Australian-owned financial services group State One Stockbroking Ltd has been admitted as a Participant of the NSX, bringing the number of Participants to 23.
Significantly for NSX, State One was the first Participant to utilise IRESS’s order entry functionality in conjunction with its own platform to execute trades on NSX. This represents a key milestone for the expanded distribution platform of the exchange.
“NSX is delighted to welcome State One as a Participant of NSX,” said John Williams, Head of Admissions. “State One, utilising its own trading platform as well as IRESS, will provide clients with additional choice in how they access the NSX market and contribute to growth in trading volumes.”
With more than 40 staff and offices in Perth and Sydney, State One focuses heavily on the quality of service it provides to clients offering:
- client advisory broking services, under the State One Stockbroking Ltd brand;
- fundraisings – raising seed capital, sponsoring Initial Public Offerings and managing equity placements; and
- non-advisory broking under the amscot brand.
About Amscot Stockbroking
Amscot Stockbroking is the non-advisory division of State One Stockbroking Ltd. Amscot was established in 2002 to provide Australia’s best value and most comprehensive non-advisory broking service.
