Draft:Unlisted Securities Exchange

The Unlisted Securities Exchange (USX) is a share trading platform for small to medium sized companies to facilitate buying and selling of their equity/shares in New Zealand. It was borne out of the NZX’s decision to close its grey market. Trading is undertaken via Brokers who arrange settlement of the trade. The platform allows the trading of shares in companies that do not want to be fully publicly traded.

USX was launched in December 2003 originally trading as the Unlisted Securities trading facility. It has 18 issuers, 19 securities and 6 brokers for a market capitalisation c. $3 billion