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Thursday, April 11, 2013

Alternatives to the ASX

So last night I was at the Melbourne Cleantech Network Pitch session and found myself talking to the MD of SIM VSE - an alternative to the ASX with a focus on Cleantech. As I am not in the finance sector, I shouldn't have been, but I was surprised to know that, including the Chi-X there are 5 stock exchanges which you can list on within Australia, I had a quick look for info and I think this is it.

ASX     2000+ listings    $1,200,000 M
NSX        100+ listings   $1,000 M+
SIM VSE    3 listings      $7 M
APX no current listings


Chi-X    250 listings        $400 M
>>from what I understand Chi-X works a little differently, allowing traders to buy and sell shares in companies that are listed on the ASX. I'm unsure if they list companies exclusively. 


From a quick scan, the potential candidates for addition to my CEI would be these guys:

VSE:GTS - bundle solar cells
VSE:UPE - wind power on cars....

It seems unlikely that the VSE would be a highly liquid market, so the fact that these shares aren't available via google finance or yahoo finance may not be such a problem. As you've noticed, I have a much bigger problem investing time into this project in order to get the market stats updated regularly.