Sydney Stock Exchange

What Sydney Stock Exchange does

Sydney Stock Exchange Limited (SSX) is a privately held, ASIC-licensed Australian securities exchange headquartered in Level 41, 259 George Street, Sydney, with supporting offices in Shenzhen and Melbourne. It operates a Main Board listing service with Second Board flexibility, providing listing facilities for companies and securities issuers and trading facilities for stockbrokers, traders, and investors. The exchange is positioned as a bridge between Australian and Asian capital markets, with a multi-currency (AUD and Chinese RMB), multi-lingual approach and a particular focus on attracting Chinese enterprises seeking an alternative listing venue to Shanghai and Shenzhen. Its flagship technology platform, APeX, is powered by NASDAQ OMX's X-stream and Genium FIX systems, enabling multi-asset class electronic trading. SSX runs specialised markets including Mining and Oil & Gas (permitting JORC, NI 43-101, SAMREC and SPE-PRMS reporting), Real Estate/REITs, Hi-tech, Agribusiness, and Services, and has extended distribution via cross-listing on the Frankfurt Open Market.

SSX monetises primarily through two streams: one-time listing fees paid by companies to be admitted to the Official List, and recurring per-stock broker/transaction fees scaled to market cap and expected turnover of individual stocks, billed pay-as-you-go. Sponsors (law and accounting firms) and market participants (stockbrokers such as BBY, CMC, Phillip Capital, Patersons, Pershing, State One) drive both demand and supply sides. A joint venture with Bit Trade Labs (APXS) targets a blockchain-based settlement and registry platform, developed in collaboration with BoardRoom Pty Limited, intended to support both a Private Capital Market for unlisted securities and instantaneous T-based DvP settlement on the listed market. Adjacent services include the SSX Connect listee portal, SSX Academy training program, and an Information Hub. The exchange is owned by AIMS Financial Group (78.84% since October 2008) and operates with an 11-50 person headcount, a small and disclosed-set of named listings (Australia Samly Holdings Group, ZhongHuanYun Holdings Group, STAR Water Group, and the recently delisted West Coast Aquaculture), and no publicly disclosed revenue.

Name

Sydney Stock Exchange

Legal name

Sydney Stock Exchange Limited

Website

https://ssx.sydney

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

Sydney Stock Exchange (SSX) is a privately held, ASIC-licensed Australian securities exchange operating a Main Board listing service with NASDAQ OMX-powered trading infrastructure, targeting growth-oriented companies — particularly Chinese issuers — seeking cross-border capital raising between Australian and Asian markets.

Ownership category

akta.pro rank

Product category

Securities Exchange Services

NAICS

Securities and Commodity Exchanges (523210)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro industry

PRIMARYFSAFAAAA

Primary Listing Stock Exchanges

Financial & Insurance/Financial Exchanges & Market Infrastructure/Stock Exchanges (Equities)

SECONDARYFSAFAAAG

Regional / Local Stock Exchanges

Financial & Insurance/Financial Exchanges & Market Infrastructure/Stock Exchanges (Equities)

Keywords

• Securities exchange services
• Stock exchange listing
• Capital markets trading
• Regulated market operator
• Alternative asset exchange

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Listing Fees: Revenue generated from companies paying listing fees to be admitted to the Official List
2. Broker/Trading Fees: Per stock broker fee structure where brokers pay fees related to market cap/expected turnover of individual stocks. New fee structure introduced to attract brokers with specialist industry skills

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Sydney Stock Exchange operates an ASIC-licensed securities exchange providing listing facilities for growth-oriented companies and trading facilities for stockbrokers, traders, and investors. The exchange offers specialized markets including Main Board listings, a Mining and Oil & Gas market (with multi-code reporting standards), a Private Capital Market for unlisted companies, and cross-listing access to the Frankfurt Open Market, all powered by its APeX multi-asset trading platform.

Product overview

Sydney Stock Exchange (SSX) is a securities exchange operator providing a platform for growth-oriented companies to raise capital from domestic and international investors. The exchange operates a Main Board listing service with Second Board flexibility, offering specialized markets in Mining/Oil & Gas, Real Estate (REITs), Hi-tech, Agribusiness, and Services sectors. Key technology platforms include the APeX multi-asset trading system (powered by NASDAQ OMX), a blockchain-based settlement system (via joint venture with BitTrade Labs), and a Private Capital Market for unlisted securities. SSX also provides cross-market access through Frankfurt Open Market trading, along with supporting services including SSX Connect (listee portal), SSX Academy (training), and an Information Hub for market research.

Differentiator

Problem solved

Functional benefit

Brands

• SSX Connect: Portal for listed companies (listees) to access SSX systems and submit required documentation
• SSX Academy

Products and services

• Main Board Listing Service SSX's primary securities listing service operating as a Main Board with the flexibility of a Second Board, providing listing facilities for growth-oriented companies and securities issuers seeking access to Australian and international investors.
• Mining and Oil & Gas Market Specialized listing venue for mining and oil & gas companies, permitting reporting under JORC Code, Canadian NI 43-101 Code, or South African SAMREC Code for mining, and SPE-PRMS Code for oil & gas.
• Private Capital Market A blockchain-enabled platform for unlisted companies seeking capital raising and secondary liquidity mechanisms, targeting startups, unlisted funds, private companies with employee shareholders, and owners seeking exit mechanisms.
• APeX Trading Platform Multi-asset class electronic trading system powered by NASDAQ OMX's X-stream and Genium FIX technologies, enabling multi-currency trading (AUD and Chinese RMB) and high-volume capacity for SSX market participants.
• Frankfurt Open Market Trading Cross-listing capability enabling SSX listed securities to trade on the Frankfurt Open Market (FOE) in Germany, expanding investor reach for SSX-listed companies into European markets.
• SSX Connect Online portal providing SSX Listee Access for listed companies to manage their exchange-related activities and submit required documentation.
• SSX Academy SSX short course training program offering educational courses for sponsors, listed companies, and market participants on securities exchange operations.

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Twelve partnerships are on record, tiered major, minor, core and flagship.

• Federation of Euro-Asian Stock Exchanges (FEAS)majorStrategic or Co-development Partner · 4 March 2022SSX participates in FEAS initiatives including creation of Borsa City educational program.
• UN Women AustraliaminorStrategic or Co-development Partner · 1 March 2022Collaboration on International Women's Day (#IWD2022) ringing the bell for Gender Equality.
• BoardRoom Pty LimitedcoreStrategic or Co-development Partner · 4 October 2016Collaboration with BoardRoom Pty Limited, a Sydney-based share registry service, for blockchain smart register development. Demonstrates open collaborative approach with industry partners.
• Bit Trade LabscoreTechnology or Integration · 19 May 2016Joint venture (APXS) to develop blockchain-based equities market settlement and registration system for real-time issuance and allocation of equity securities. Target was implementation for private markets network within months and SSX equities market in early 2018.
• BSE Institute Limited (Bombay Stock Exchange)majorStrategic or Co-development Partner · 17 November 2015MOU with Asia Pacific Finance Institute of Australia (APFIA) and BIL to jointly develop training courses for company directors and executives in Australia and emerging markets.
• China Beijing Equity ExchangeflagshipChannel Partner/ Reseller/ Distributor · 11 May 2015Launched CBEX to APX Express Channel to build capital flows and act as gateway between Australian and Asian capital markets.
• EquinixcoreTechnology or Integration · 10 February 2015Selected Equinix to deploy new trading platform in Australia. Equinix provides data center and interconnection services.
• IRESScoreTechnology or Integration · 15 January 2015IRESS integrated support for APX market enabling connectivity to new trading platform for market participants.
• Phillip CapitalcoreChannel Partner/ Reseller/ Distributor · 8 July 2014Stockbroker and wealth manager joins as market participant, bringing total to six approved brokers. Phillip Capital has large presence throughout Asia.
• NASDAQ OMXcoreTechnology or Integration · 11 June 2014Selected NASDAQ's X-stream and Genium FIX technologies to power APeX trading platform. Multi-asset class electronic trading system with multiple currency capability.
• Binhai International Equity Exchange (BIEX)majorStrategic or Co-development Partner · 22 July 2009MOU for mutual cooperation including client referral, operational cooperation, personnel exchange for marketing, and utilizing competitive advantages of each party.
• Tianjin Municipal People's GovernmentflagshipStrategic or Co-development Partner · 15 June 2009Strategic alliance signed with Tianjin Government to open way for Chinese enterprises to invest and list overseas. Part of broader China/Australia market development strategy.

Scale indicators6 records

Recent moves12 records

Expansion highlights5 records

Regional players

• Johannesburg Stock Exchange (JSE): Africa's largest exchange and a key venue for mining/resource listings. Comparable to SSX via the SAMREC reporting-code compatibility built into SSX's MOG market rules, making it a natural international peer for resource-focused listings.
• BSE (Bombay Stock Exchange) Institute: Indian exchange that has a formal training collaboration MOU with SSX (via APFIA). Comparable as an Asian exchange pursuing education and emerging-market capacity-building initiatives, with overlapping ambitions to serve growth and resource issuers.
• NZX (New Zealand's Exchange): Operates New Zealand's primary equities and derivatives market with a similar small-market, niche-issuer model. Comparable to SSX in scale and regulatory structure, and a useful analogue for how a regional APAC exchange builds product extensions and issuer pipelines.

Broad incumbents

• Korea Exchange (KRX): Major Asia-Pacific exchange with multi-asset, multi-currency trading and a strong technology backbone. Comparable to SSX in the broad cross-border Asia-Pacific capital-markets space, though at substantially larger scale and with deeper domestic liquidity.
• Hong Kong Exchanges and Clearing (HKEX): Regional heavyweight that lists many Chinese and Asia-based issuers. Comparable to SSX in serving the cross-border Chinese issuer use case, but with vastly greater scale, international investor access, and regulatory infrastructure.
• Singapore Exchange (SGX): Major regional exchange in Asia-Pacific that lists both local and international issuers and offers multi-currency, multi-asset trading. Comparable to SSX in cross-border and dual-currency ambitions, but at much greater scale and with deeper international issuer reach.
• Australian Securities Exchange (ASX): Australia's dominant primary listing and trading venue, regulated under a similar ASIC market-licence framework. Directly comparable in product (equity listing and trading) but vastly larger in liquidity, index inclusion, and issuer base — sets the competitive ceiling for SSX in Australia.

Direct peers

• TSX Venture Exchange: Canadian junior resource and growth-company listing venue. Directly comparable to SSX's MOG market and overall growth-issuer positioning, with a similar emphasis on flexible reporting standards for resource issuers and a tiered Main Board/Second Board structure.
• Cboe Australia (formerly Chi-X Australia): A competing Australian trading venue operating as a market licensee with electronic trading technology. Directly comparable to SSX as a secondary Australian equities trading/listing venue, with overlapping broker participants and a similar growth-oriented value proposition.
• Börse Frankfurt (Frankfurt Open Market): Operates the Frankfurt Open Market, where SSX listees are approved to trade. Functions as both a partner and a direct peer in the cross-listing / secondary-trading model that SSX uses to extend its issuer reach into Europe.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/SSXMarket
• Facebookfacebook.com/SydneyStockExchange

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sydney Stock Exchange