Patrick Birley says the NEX Exchange will distinguish itself from the London Stock Exchange by taking a more traditional ‘community focused’ approach to its listed companies.
The exchange’s chief executive said that one of the key offerings from NEX, part of Nex Group Plc (LON:NXG), was the level of engagement, rather than having to “fit the box the exchange wants you to fill”.
Cheaper with identical regulations
Costs were also two-thirds lower than AIM or the main LSE though regulatory frameworks were identical.
Persuading retail brokers to trade on the exchange was difficult, he conceded, but the framework was no different than the LSE.
Looking to the future, Birley said long-term viability was the main goal, with a current focus on relationship and awareness-building for future growth.
NEX currently has 88 listed companies, with the largest being football club Arsenal Holdings PLC (NEX:AFC) with a market cap of £1.9bln.