NSX Raises $3.5M to find and appoint new CEO
- Alternative stock exchange NSX has raised $3.5 million to help it find and appoint a new CEO
- Interim CEO John Karantzis has advised the National Stock Exchange Board he will be stepping down to focus on his other business iSignthis
- NSX will raise the funds via a share placement to investors and its own directors, with iSignthis to chip in $1 million as well
- Commenting on the capital raise, outgoing CEO John Karantzis said he was thankful for the support
- National Stock Exchange plans to use the funds to update its IT systems and finalise its NASDAQ trading engine upgrade
- Shares in National Stock Exchange are trading up 6.67 per cent at 16 cents each
