Nxchange (stylized as nx’change) is a Dutch

stock exchange A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for ...

, that is headquartered along the

Herengracht The Herengracht () is the second of four Amsterdam canals belonging to the canal belt and lies between the Singel and the Keizersgracht. The Gouden Bocht (Golden Bend) in particular is known for its large and beautiful canal houses. History Th ...

Amsterdam Amsterdam ( , ; ; ) is the capital of the Netherlands, capital and Municipalities of the Netherlands, largest city of the Kingdom of the Netherlands. It has a population of 933,680 in June 2024 within the city proper, 1,457,018 in the City Re ...

. Founded in 2015, it is one of three stock exchanges operating in the Netherlands.

Trading

According to

CEO A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

Marleen Evertsz, Nxchange is aimed at companies with a large following that wish to raise funds. They can list

stock Stocks (also capital stock, or sometimes interchangeably, shares) consist of all the Share (finance), shares by which ownership of a corporation or company is divided. A single share of the stock means fractional ownership of the corporatio ...

stock certificate In company (law), corporate law, a stock certificate (also known as certificate of stock or share certificate) is a legal document that certifies the legal interest (a bundle of several legal rights) of ownership of a specific number of share ...

s, bonds, and

funds Funding is the act of providing resources to finance a need, program, or project. While this is usually in the form of money, it can also take the form of effort or time from an organization or company. Generally, this word is used when a firm us ...

on the exchange without a minimum issue amount. Investors are able to buy and sell stocks

24/7 In commerce and industry, 24/7 or 24-7 service (usually pronounced "twenty-four seven") is service that is available at any time and usually, every day. An alternate orthography for the numerical part includes 24×7 (usually pronounced "twenty- ...

without a

broker A broker is a person or entity that arranges transactions between a buyer and a seller. This may be done for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Neither ...

and can upload reports with financial analyses on the Nxchange platform. Transactions are

settled A settler or a colonist is a person who establishes or joins a permanent presence that is separate to existing communities. The entity that a settler establishes is a settlement. A settler is called a pioneer if they are among the first settli ...

through

delivery versus payment Delivery versus payment or DvP is a common form of settlement for securities A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction. In some coun ...

. Clearing and settling is done by Nxchange itself, and the

securities A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction. In some countries and languages people commonly use the term "security" to refer to any for ...

are held at the giro depot of

Euroclear Nederland Euroclear Nederland is the main central securities depository (CSD) in the Netherlands. It is a fully-owned subsidiary of the Euroclear Group. Overview The Nederlands Centraal Instituut voor Giraal Effectenverkeer (Necigef, ) started operations ...

History

Nxchange B.V. was founded by Marleen Evertsz in February 2015, and the stock exchange opened for trading on April 14, 2016. Charging infrastructure provider

Fastned Fastned is a Dutch company that owns and operates a growing fast charging network of 297 stations with 1,714 EV charging stations in the Netherlands, France, Germany, the United Kingdom, Belgium, Denmark, Italy, Spain and Switzerland. A large ...

was the first company listed and managed to raise €3 million during the first month by issuing stock certificates. The stock exchange did not succeed in attracting more companies in its first year. Nxchange received a

Golden Bull A golden bull or chrysobull was a decree issued by Byzantine emperors and monarchs in Europe during the Middle Ages and Renaissance. Description A golden bull was a decree issued by Byzantine Emperors. It was later used by monarchs in Europe ...

in 2016 in the category "best investment innovation". The company was granted a license to operate as a

multilateral trading facility A multilateral trading facility (MTF) is a European Union regulatory term for a self-regulated financial trading venue. These are alternatives to the traditional stock exchanges where a market is made in securities, typically using electronic ...

in August 2018 by the Authority for the Financial Markets. It was previously classified solely as a regulated market. In December, Nxchange and

Rabobank Rabobank (; full name: ''Coöperatieve Rabobank U.A.'') is a Dutch multinational banking and financial services company headquartered in Utrecht, Netherlands. The group comprises 89 local Dutch Rabobanks (2019), a central organisation (Raboban ...

announced a cooperation called "Rabo&Crowd", allowing companies to raise money partly by borrowing from the bank and partly by issuing bonds on Nxchange. Several smaller companies have issued bonds using Rabo&Crowd in the subsequent years. In June 2019, Fastned started a listing on the larger stock exchange

Euronext Euronext N.V. (short for European New Exchange Technology) is a European bourse that provides trading and post-trade services for a range of financial instruments. Traded assets include regulated equities, exchange-traded funds (ETF), warrant ...

, but its certificates remained tradable on Nxchange. However, it was possible to convert the stock certificates. Later that year, a number of

startups A startup or start-up is a company or project undertaken by an Entrepreneurship, entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship includes all new businesses including self-employment and businesses tha ...

selected by Startupbootcamp jointly issued share certificates on Nxchange under the name "SBC

Fintech Financial technology (abbreviated as fintech) refers to the application of innovative technologies to products and services in the financial industry. This broad term encompasses a wide array of technological advancements in financial services, ...

Amsterdam 1921".

References

{{Reflist

External links

Official website
Companies based in Amsterdam Financial services companies established in 2015 Financial services companies of the Netherlands Stock exchanges in the Netherlands Dutch companies established in 2015

Trading

History

See also

References

External links