All trading on the Unlisted Securities Exchange (USX) occurs through USX brokers. Investors cannot trade directly in the market, and must trade through a participating broker. Brokers are able to enter or remove bids and offers at any time and trading occurs from 9am to 5pm Monday to Friday.
Anyone trading securities of USX Issuers will be required by their broker to sign an Investor Information and Disclaimer form before their first order is placed. This confirms that the investor recognises that USX is exempt from the financial product market licensing requirements of the Financial Markets Conduct Act and that the obligations for Issuers on USX are different to those applying to issuers whose shares are traded on a licensed financial product market.
Orders are matched in standard price then time priority with the exception that Brokers receive time priority for any orders that match with an existing order they have in the market for that stock. This supports the efficiency of internal settlement for ‘crossings’ between buying and selling clients within a broking firm.
Welcome to the new USX website and trading platform. We have made a number of changes to improve the overall performance of the platform and how users interact with the information about our market and issuers.
The first key change is that the web pages provide some information about the market and announcements but to access detailed information you need to be logged in.
To create a login please click on the Register Button on the landing page and complete the registration form and select the Investor role. You will then be sent a verification email. Once you select the Verify button in the email your browser will open the Registration Checklist. Please select the Onboarding Template and complete the onboarding form and Submit. We will then approve your registration and you will receive a confirmation email.
Once approved you can log on to the platform.
You can view the market watch page from the Market or Assets menu item. By selecting the Details button you will be able to see detailed issuer information including market depth, Issuer Profile and Announcements page for each Issuer.