The Canadian Securities Exchange (CSE) has completed the acquisition of the National Stock Exchange of Australia (ASX:NSX) through a scheme implementation deed.
NSX will now delist from the Australian Securities Exchange on 27 October after 94.78% of shareholders voted in favour of the transaction.
CSE operator CNSX Global Markets first invested in the platform in May 2025, before entering the deed in the same month.
The acquisition intends to strengthen the NSX’s competitive position across Australian markets by upgrading the platform’s existing technology stack and a restructuring of its team, including the appointment of CSE’s Chief Executive Richard Carleton to the board of directors.
“This is a landmark day in the history of the Canadian Securities Exchange, the National Stock Exchange of Australia, and the entire global marketplace for emerging companies,” Carleton says.
“With this acquisition, the NSX is positioned to replicate the CSE’s success in Canada and provide Australia with a public market platform that better meets the capital formation and liquidity needs of entrepreneurial firms.”
The NSX will continue to be led by CEO and Managing Director Max Cunningham, while CNSX Group provides financial, technical, and strategic support.
Cunningham says this partnership will take the NSX to the next level and enhance the greater Australian market.
“And it comes at a perfect time,” Cunningham says.
“A recent report from Macquarie Equity Research estimated that nearly 550 companies could potentially list on the NSX and benefit from our low-cost platform, tailored compliance to suit small and venture-stage companies, customised listing support and broad investor access.”
In 2024, the platform attracted four companies to move over from the ASX to the NSX, two of which became the exchange’s most traded stocks, as reported.
“The CSE-NSX partnership seeks to meet the needs of these companies, their investors and others like them, and to provide users of Australia’s capital markets with genuine choice for listing, raising capital and building wealth.”
NSX Chairman Tim Hart says the transaction intends to reinforce the Australian market and investors with a chance to build wealth, along with a “lower cost of capital for companies to fund their growth, especially in the early stage and venture space”.
This news service first revealed the CSE made a tilt for the NSX on 21 May.
As reported by Mining.com.au, the CSE intends to bolster early stage explorers listed on the NSX by tailoring rules and regulations to match Canadian trading on the bourse.
The NSX was formed in 1937 as the Newcastle Stock Exchange. It listed on ASX in 2005, the same year it acquired the Bendigo Stock Exchange, and changed its name to the National Stock Exchange of Australia in 2006. It relocated its headquarters and operations to Sydney in 2016.
The NSX is the second largest exchange in Australia behind the ASX.
The platform is home to companies valued from $500,000 to several billion dollars, raising an average amount of $8.6 million per offer.
Write to Maddison Elliott at Mining.com.au
Images: Canadian Securities Exchange
