Press Release

BSX Services Pty Ltd, a member of the NSX Group which includes the Newcastle and Bendigo stock exchanges, will provide the world's first market for taxi licence trading. NSX Group chairman Ian Mansbridge said the electronic trading platform for metropolitan taxi-cab licences will go live from Tuesday. The move will allow the Victorian government to be fully informed about how much is being paid for taxi licences - which anyone can buy, he said. "BSX has been working with the Victorian government to develop the taxi market and the governing rules," he said. "The training provided to the taxi brokers in the new rules should ensure a smooth transition to the new market." The move demonstrated the importance of an alternative stock exchange, he said. "This is the second recent major initiative of the NSX group which demonstrates the need for an additional stock exchange," Mr Mansbridge said.