An Aussie version of Nasdaq to launch

The ASX Ltd (ASX: ASX) wants to make the Australian Stock Exchange into a mini NASDAQ.

The NASDAQ is a stock exchange in the US based in New York and supposedly has better features and up-to-date offerings for clients.

It’s the reason tech companies like Facebook and Netflix were attracted to list there.

However, the NASDAQ generally attracts tech businesses that are quite large because of listing requirements and the pressure of being listed in the US.

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