Australian (ASX) Stock Market Forum

NSX - NSX Limited

Dona Ferentes

Baron Samedi
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a bit of chat on other threads .... deserves its own TLA?

Trade Acceptance Service (TAS) : NSXA Go-Live date of 23rd November 2020 NSX Limited (ASX: NSX), NSX Limited wishes to advise that the Company has been informed that the ASX Group has today made formal lodgement of the ASX Clear operating rules to ASIC. The rules will enable the Company’s wholly owned subsidiary, the National Stock Exchange of Australia Limited to gain access to the ASX Clear monopoly on a commercial basis, under the TAS and “Open Access” regime The Council of Financial Regulators approved the “Open Access” regime at their October meeting1. The launch of TAS is now subject to a statutory 28 days disallowance period of the ASX Clear operating rules by ASIC. The NSXA integration to the TAS service is scheduled to go live on the 23rd November 2020.

Digital Exchange Subregister System (DESS):
NSXA has been working towards integration of the NSXA’s own internal Digital Exchange Subregister System, which is based upon Distributed Ledger Technology, into its digital platform being built by iSignthis Ltd.’s subsidiary, Probanx Solutions Ltd. The platform incorporates the NASDAQ trade matching engine, in addition to the DESS, and in future, the ClearPay Delivery versus Payments platform and the Paydentity™ KYC platform from iSignthis. The NSXA is in consultations with ASIC as to when the DESS can commence service, noting that it is now technically and operationally ready for service to commence data accumulation and writing to the blockchain, contemporaneously with TAS.

- gangbusters
1606117182753.png



- and, if someone can explain if it will be more efficient (and cheaper for mug retail), I would be thankful.
 
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National Stock Exchange of Australia Ltd using the ticker $NSX listed on the View attachment 115140 ASX has broken through a long-term trading range with relatively strong volume. If it can break through the two resistance levels at AUD0.425 and AUD0.465 it could travel north well.

ASX Nov 24.png
 
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NSX making a play this afternoon after a solid pullback yesterday and this morning.
Was looking at a decent loss but resisted the DD and sold enough of other stuff (in profit) to cover it.
Looking for a solid push on now.

Screenshot_20201125-133150.png
 
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Push showing up, on lower volumes.

As @RobL has said above, am also hoping it can break those 2 upper resistance levels sometime in the next week or so.

Screenshot_20201126-113011.png
 
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The million dollar question.
Does it carry on from here today?
Screenshot_20201126-125840.png

Looks like it can go either way, but sellers seem to be holding, for now anyway.
 
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More trouble for ISX today after ASIC announced that it has commenced civil penalty proceedings in the Federal Court against iSignthis Ltd and its managing director and CEO Nickolas John Karantzis.

Some serious allegations of non-disclosure and misleading representations being made.


ASIC is seeking declarations and pecuniary penalties against iSignthis and Mr Karantzis. ASIC is also seeking orders that Mr Karantzis be disqualified from managing corporations.

Ouch! Things going from bad to worse for ISX. Given the current circumstances, I think it's unlikely that the company will ever be re-instated to official quotation. At the very least, not anytime soon. A very ugly situation.

As you know; Nickolas John Karantzis is also Managing Director for NSX.
 
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Hmmm, such cruelty to the Share price may provide a buy opportunity.
Seems to have been punished hard!
Wow, indicative price has it opening at 0.22 !
 
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