The USX market is a broker traded market for continuous
trading of an Issuer’s securities

Unlisted is not a licensed financial product market. Unlisted is a financial product market that operates pursuant to an exemption from subpart 7 of Part 5 of the Financial Markets Conduct Act 2013 (the Act). Investors trading in securities quoted on Unlisted trade at their own risk and do not have the protections provided by Part 5 of the Financial Markets Conduct Act 2013, in relation to: insider trading, market manipulation, continuous disclosure, substantial holding disclosure, relevant interest disclosures, and the monitoring of market obligations by the Financial Markets Authority - refer to Website Terms and Conditions. On this website you can view market information and the current price of bids and offers and recent company announcements. To buy or sell securities in an Unlisted issuer, contact an Unlisted Registered Broker.

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Our ISSUERS

Our Values

Efficient

Ensuring that all we do drives value in exchange with low compliance overhead

Transparent

Our market places provide fully transparent arms-length mechanism for pricing and trading

Innovative

In all that we offer we focus on efficient options that are open and informative

Credible

First launched in 2003 we have a track record in the New Zealand capital markets

About Us

The Unlisted Securities Exchange (USX) is a prescribed exempt financial product market. All trading on the occurs through USX brokers who enter or remove bids and offers at any time and trading occurs from 9am to 5pm Monday to Friday and attend to clearing and settlement. Investors cannot trade directly on the USX market.

USX has been designed to be easier to use and more cost-effective than the alternatives. Not only is the cost of listing competitive, but so are ongoing quotation and exit costs. More fundamentally, we enable businesses to allow trading in their shares on an arms length basis providing real value to all stakeholders through the ability to easily exchange shares and reduce the cost of capital.

News & publications

October 2025 Newsletter

The October USX bimonthly newsletter is out, covering issuer activity and key market movements from August 2025 to September 2025. Read the full newsletter for

Read More »

Contact us

Contact us today to see how we can help.

Please read this important information before proceeding.

WARNING: Unlisted is not a licensed financial product market.

The Unlisted Securities Exchange (USX) is a Financial Product Market operating under an exemption from subpart 7 of Part 5 of the Financial Markets Conduct Act 2013 (“the Act”) and certain conditions specified in the Exemption Notice. Investors trading in securities quoted on Unlisted trade at their own risk and do not have the protections provided by Part 5 of the Act, in relation to: insider trading, market manipulation, continuous disclosure, substantial holding disclosure, relevant interest disclosures, and the monitoring of market obligations by the FMA. USX provides a facility for trading previously allotted securities. USX has its own Market Rules and monitors compliance by Issuers with those Rules.

Before an investor may trade (via a broker) in securities quoted on USX, the investor’s broker will require the investor to sign the USX Information and Disclaimer form, which provides a fuller explanation about USX’s status and what this means for investors.

Click the tick box below to acknowledge you have read and understand this important information. You will then gain access to the Unlisted website.

I acknowledge that I have read and understood this notice and that Unlisted is not a licensed financial product market.