Nxchange

Nxchange (stylized as nx’change) is a Dutch stock exchange, that is headquartered along the Herengracht in Amsterdam. Founded in 2015, it is one of three stock exchanges operating in the Netherlands.[4]

Nxchange
TypeStock exchange
LocationAmsterdam, Netherlands
Coordinates52°21′56.6″N 4°53′22.1″E
FoundedFebruary 20, 2015 (February 20, 2015)[1]
OwnerNxchange B.V.[2]
Key peopleMarleen Evertsz (CEO)
CurrencyEuro (EUR)
No. of listings8[3]
Websitewww.nxchange.com

Trading

According to CEO Marleen Evertsz, Nxchange is aimed at companies with a large following that wish to raise funds.[4] They can list stocks, stock certificates, bonds, and funds on the exchange without a minimum issue amount.[4][5] Investors are able to buy and sell stocks 24/7 without a broker and can upload reports with financial analyses on the Nxchange platform.[4][5]

Transactions are settled through delivery versus payment. Clearing and settling is done by Nxchange itself, and the securities are held at the giro depot of Euroclear Netherlands.[5]

History

Nxchange B.V. was founded by Marleen Evertsz in February 2015, and the stock exchange opened for trading on April 14, 2016.[6][7] Charging infrastructure provider Fastned was the first company listed and managed to raise €3 million during the first month by issuing stock certificates.[8] The stock exchange did not succeed in attracting more companies in its first year.[9] Nxchange received a Golden Bull in 2016 in the category "best investment innovation".[10]

The company was granted a license to operate as a multilateral trading facility in August 2018 by the Authority for the Financial Markets. It was previously classified solely as a regulated market.[11][12] In December, Nxchange and Rabobank announced a cooperation called "Rabo&Crowd", allowing companies to raise money partly by borrowing from the bank and partly by issuing bonds on Nxchange.[13][14] Several smaller companies have issued bonds using Rabo&Crowd in the subsequent years.[15]

In June 2019, Fastned started a listing on the larger stock exchange Euronext, but its certificates remained tradable on Nxchange. However, it was possible to convert the stock certificates.[16] Later that year, a number of startups selected by Startupbootcamp jointly issued share certificates on Nxchange under the name "SBC Fintech Amsterdam 1921".[17]

See also

References
  1. "Nxchange BV". Drimble (in Dutch). Retrieved July 4, 2020.
  2. "Nxchange B.V." Netherlands Authority for the Financial Markets. Retrieved April 1, 2020.
  3. "Secondary market debt". Nxchange. Retrieved April 1, 2020.
  4. Kuppeveld, Joost van; Dobber, Joost (April 14, 2016). "Nieuwe beurs Nxchange zet tussenpersoon buitenspel". Het Financieele Dagblad (in Dutch). Retrieved April 1, 2020.
  5. "Investors FAQ". Nxchange. Retrieved April 1, 2020.
  6. Clercq, Paul le (April 14, 2016). "Nx'change, slaagt deze nieuwe beurs wel?". RTL Nieuws (in Dutch). Retrieved April 1, 2020.
  7. "Nxchange BV". Drimble (in Dutch). Retrieved April 3, 2020.
  8. Grol, Carel (May 23, 2016). "Fastned haalt € 3 mln op met emissie alternatieve beurs". Het Financieele Dagblad (in Dutch). Retrieved April 1, 2020.
  9. Rein, Erik van (August 27, 2017). "Veel ambitie, weinig verstoring op de beurs". Het Financieele Dagblad (in Dutch). Retrieved April 1, 2020.
  10. "Juryrapport" (PDF) (in Dutch). September 21, 2016. p. 5. Retrieved April 1, 2020.
  11. "Register trading platforms". Netherlands Authority for the Financial Markets. Retrieved April 1, 2020.
  12. Betlem, Rutger (August 31, 2018). "AFM verleent vergunning aan nieuwe mkb-beurs". Het Financieele Dagblad (in Dutch). Retrieved April 1, 2020.
  13. Rein, Erik van (December 3, 2018). "Rabobank en Nxchange stappen samen in mkb-financiering". Het Financieele Dagblad (in Dutch). Retrieved April 1, 2020.
  14. Clercq, Paul le (July 10, 2019). "Wat is de toekomst van Nxchange, beurs met slechts 4 noteringen?". RTL Z (in Dutch). Retrieved April 1, 2020.
  15. "Fastned-aandelen blijven ook op alternatieve beurs Nxchange". Het Financieele Dagblad (in Dutch). May 22, 2019. Retrieved April 1, 2020.
  16. Dobber, Joost (June 24, 2019). "Fastned kost op de ene beurs €41, en op de andere €19". Het Financieele Dagblad (in Dutch). Retrieved April 1, 2020.
  17. Hueck, Hella (October 21, 2019). "Mandje van start-ups naar de beurs". Het Financieele Dagblad (in Dutch). Retrieved April 1, 2020.
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