Published On: Tue, Jul 8th, 2014

APX Welcomes Phillip Capital As New Market Participant

David Lawrence, Chief Operating Officer, APX -

David Lawrence, Chief Operating Officer, APX –

Asia Pacific Stock Exchange (APX) welcomes stockbroker and wealth manager Phillip Capital as an APX market participant, bringing the number of approved brokers to six as the new exchange builds momentum and depth following its commencement of operations earlier this year.

APX Chief Operating Officer David Lawrence said, “We are delighted that another vibrant broking and wealth management operation, especially one with such a large presence throughout Asia, is now with APX.

“Phillip Capital joins BBY, CMC, Patersons, Pershing and State One as market participants. With leading law firms Minter Ellison and K&L Gates recently bringing the number of APX Sponsors to 16, we are building critical mass in support and interest from Australian based financial markets participants and advisors,” David Lawrence said.

APX commenced operations four months ago with the listing of two Chinese based entities, both of which have traded successfully and above their issue price in the intervening weeks. APX’s target industry sectors for new listings include the resources, agribusiness, technology, e-commerce, real estate and financial services sectors.

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