Startup Mimics Crowdfunding to Disrupt Stock Exchange Model
- Nxchange cuts out middleman by eliminating broker, banker fees
- Dutch start-up joins firms taking on traditional bank model
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Marleen Evertsz used to be a manager at a high-speed trading firm. Now, she’s debuting a new kind of stock exchange that uses the tactics of crowdfunding startups, aiming to upend how corporations raise money by selling shares.
Nxchange lets companies sell shares to the public and then allows investors to trade that stock, says Evertsz, who used to be a managing director at Dutch market maker Optiver. The idea is to eliminate fees charged by brokers and investment bankers. Nxchange’s model differs from crowdfunding in that it also allows investors to trade with each other.