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Alternative Markets Global List
 
This page identifies a global list of SME Alternative Markets. The list will be updated as market operators announce new programs.   
 
If you work in the alternative markets, please send your contact information to Brad Smith so your contact information can be listed in the Alternative Markets Directory 
 
SME Alternative Markets Global List
Country Alternative Market Name Alternative Market Website URL for Alternative Market Listing Information
Australia   ASSOB   http://www.assob.com.au/   http://www.assob.com.au/need-venture-capital-funding-australia.asp  
Australia   ASX   http://www.asx.com.au/   http://www.asx.com.au/supervision/rules_guidance/listing_rules1.htm  
Australia   Australia Pacific Exchange (APX)   http://www.apx.com.au/   http://www.apx.com.au/Default.aspx?PageID=21  
Australia   Bendigo Stock Exchange (BSX)   http://www.bsx.com.au/   http://www.bsx.com.au/datarepository/mktpub/The%20BSX%20Market%20Listing%20Ru.pdf  
Australia   National Stock Exchange of Australia (NSX)   http://www.nsxa.com.au/   http://www.nsxa.com.au/rules_listing.asp  
Australia   OTCBB - Australia   http://www.otcbb.com.au/   http://www.otcbb.com.au/docs/regform.pdf  
Austria   Standard Market   http://en.wienerborse.at/   http://en.wienerborse.at/marketplace_products/segmentation/equitymarket/standard_market.html  
Bosnia and Herzegovina   BLSE Free Market   http://www.blberza.com/enstock/default.aspx   http://www.blberza.com/enstock/staticnaInfo.aspx?idinfo=38  
Bosnia and Herzegovina   SASE Free Market   http://217.199.131.154/english/DesktopDefault.aspx?tabid=15   http://217.199.131.154/english/DesktopDefault.aspx?tabid=22  
Botswana   Botswana Stock Exchange   http://www.bse.co.bw/   http://www.bse.co.bw/conditions.htm  
Brazil   Novo Mercado   http://www.bovespa.com.br/   http://www.bovespa.com.br/pdf/regulamento.pdf  
Brazil   Over the Counter Market   http://www.bovespa.com.br/   http://www.bovespa.com.br/Market/MarketIndexes/market.htm  
Budapest   MMTS Unregulated Market System   http://www.bse.hu/onlinesz/10003719.html?uio=4LONGDVU647D2006C10W02O706Y57915E5WD6A905guest   http://www.bse.hu/onlinesz/10003360.html?uio=  
Bulgaria   BSE SOFIA Unofficial Market   http://www.bse-sofia.bg/index.php?page=Listing+requirements+free+market&PHPSESSID=84d9e855ce8eb115865f6c9ee98166a8   http://www.bse-sofia.bg/index.php?page=Listing+requirements+free+market&PHPSESSID=84d9e855ce8eb115865f6c9ee98166a8  
Canada   TSX Venture Exchange (TXS-V)   http://www.tsx.com/   http://www.tsx.com/en/listings/listing_with_us/ways/index.html  
China   OTC and GEM Market Development Report   http://www.csrc.gov.cn/n575458/n4001948/n4002030/4213697.html    
China   Shanghai Stock Exchange (SSE)   http://www.sse.com.cn/sseportal/en_us/ps/about/ms.shtml   http://www.sse.com.cn/sseportal/en_us/ps/lc/lst_req.shtml  
China   Small and Medium Enterprises Board   http://www.szse.cn/   http://www.szse.cn/main/en/aboutsse/sseoverview/  
China   Tianjin applies to establish over-the-counter market   http://www.chinabusinessservices.com/blog/wp-print.php?p=572   http://www.chinadaily.com.cn/bizchina/2006-12/13/content_774637.htm  
Cyprus   Alternative Market   http://www.cse.com.cy/   http://www.cse.com.cy/en/default.asp  
Cyprus   Investment Companies Market   http://www.cse.com.cy/   http://www.cse.com.cy/en/default.asp  
Cyprus   Parallel Market   http://www.cse.com.cy/   http://www.cse.com.cy/en/default.asp  
Denmark   OMX First North   http://www.omxgroup.com/firstnorth   http://www.omxgroup.com/firstnorth/company_issuers_area/Joining_First_North/First_North_or_the_Nordic_list/  
Egypt   Nile Stock Exchange (NILEX)   http://nilex.egyptse.com/en/   http://nilex.egyptse.com/en/Listing_Requirements.aspx  
Finland   OMX First North   http://www.firstnorth.dk/   http://www.omxgroup.com/firstnorth/company_issuers_area/Joining_First_North/First_North_or_the_Nordic_list/  
France   Alternext   http://www.euronext.com/alternext/landing/landing-4342-EN.html   http://www.euronext.com/editorial/wide/editorial-4356-EN.html  
France   Marché Libre   http://www.euronext.com/   http://www.euronext.com/fic/000/010/657/106579.pdf  
Germany   M:access Börse Munich   http://www.boerse-muenchen.de/maccess/   http://translate.google.com/translate?hl=en&sl=de&u=http://www.boerse-muenchen.de/&sa=X&oi=translate&resnum=1&ct=result&prev=/search%3Fq%3Dhttp://www.boerse-muenchen.de%26hl%3Den%26sa%3DG  
Germany   Open Market   http://www.deutsche-boerse.com/   http://deutsche-boerse.com/dbag/dispatch/en/allInstruments/gdb_navigation/listing/10_Market_Structure/20_Markets/70_Regulated_Unofficial_Market  
Ghana   Ghana Stock Exchange   http://www.gse.com.gh/   http://www.gse.com.gh/index1.php?linkid=46  
Greece   ATHEX New Market - Greece   http://www.ase.gr/content/en/markets/nexa/   http://www.ase.gr/content/en/markets/nexa/listin_reqs.asp  
Hong Kong   Growth Enterprise Market (GEM)   http://www.hkgem.com/root/e_default.asp   http://www.hkgem.com/listingrules/e_default.htm  
Iceland   ICEX Alternative Market   http://www.icex.is/   http://omxgroup.com/nordicexchange/companiesandissuers/listingcenter/thelistingprocess/whichlistingisrightforyou/  
India   BSESME   http://bsesme.com/   http://bsesme.com/aboutpublicissue.htm  
India   Indonext   http://www.bseindia.com/   http://www.bseindia.com/about/indonext.asp  
India   National Stock Exchange - India   http://www.nseindia.com/   http://www.nseindia.com/content/equities/checklist-eligibility.xls  
India   OTCEI   http://www.otcei.net/   http://www.otcei.net/product/  
Ireland   Irish Enterprise Exchange (IEX)   http://www.ise.ie/   http://www.ise.ie/index.asp?locID=421&docID=-1  
Italy   Mercato Expandi   http://www.borsaitaliana.it/   http://www.borsaitaliana.it/prodottieservizi/quotazione/comequotarsi/pmi/homeexpandi.en.htm  
Japan   Hercules new Market   http://www.ose.or.jp/   http://www.ose.or.jp/e/stocks/index.html  
Japan   Japan is restructuring OTC into SME Market   http://www.kwrintl.com/library/1999/focus8.html    
Japan   JASDAQ   http://www.jasdaq.co.jp/   http://www.jasdaq.co.jp/data/english/guide_e1-11.pdf  
Japan   Mothers Market   http://www.tse.or.jp/   http://www.tse.or.jp/english/rules/listcriteria/index.html  
Japan   Risk Capital Market   http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/10/31/cnlse131.xml   http://www.tse.or.jp/english/rules/newmarket/marketframework.pdf  
Kenya   Nairobi Stock Exchange AIMS   http://www.nse.co.ke/newsite/inner.asp?cat=am   http://www.nse.co.ke/newsite/pdf/mms.pdf  
Kenya   SMEx   http://www.nse.co.ke/newsite/   http://allafrica.com/stories/200806091515.html  
Korea   KOSDAQ   http://km.krx.co.kr/   http://english.kosdaq.com/about/about_06.jsp  
Latvia   Riga Stock Exchange   http://www.lv.omxgroup.com/?id=2980   http://www.lv.omxgroup.com/?id=2685  
Lebanon   BSE Unlisted Market, Beirut Stock Exchange   http://www.bse.com.lb/markets.htm   http://www.bse.com.lb/bse.htm  
Lithuania   Vilnius Stock Exchange (VSE)   http://www.lt.omxgroup.com/market/index.php?lang=en&page=HomePage   http://www.lt.omxgroup.com/?id=2708  
Lusaka   LSE Quoted Tier Lusaka   http://www.luse.co.zm/   http://www.luse.co.zm/Requirements-and-Fees.html  
Macedonia   MSE Regular Market - Macedonia   http://www.mse.org.mk/index-e.asp   http://www.mse.org.mk/en/issuers/listing.asp  
Malawi   Malawi Stock Exchange   http://www.mse.co.mw/   http://www.mse.co.mw/rules/listing.html  
Malaysia   MESDAQ   http://www.bursamalaysia.com/   http://www.klse.com.my/website/bm/rules_and_regulations/listing_requirements/mesdaq_market.html  
Malta   Alternative Markets List   http://www.borzamalta.com.mt/   http://www.emaadvocates.com/Documents/MSE  
Mauritius   Development and Enterprise Market (DEM)   http://www.stockexchangeofmauritius.com/   http://www.semdex.com/listing_requirements_DEM.htm  
Morocco   Casablanca Stock Exchange Growth Market   http://www.casablanca-bourse.com/   http://www.casablanca-bourse.com/en/right/contenu/contenu/soccote/Financing.html  
Namibia   Namibia Stock Exchange Development Capital Board   http://www.nsx.com.na/   http://www.nsx.com.na/listing_req.php  
Netherlands, Belgium, Portugal, UK, France   Alternext   http://www.euronext.com/home/0,3766,1732,00.html   http://www.euronext.com/vgn/images/portal/cit_88313/0/28/745652819588471085Alternext_emetteur_VE.pdf  
New Zealand   New Zealand Alternative Market (NZAX)   http://www.nzx.com/   http://www.nzx.com/nzxmarket/nzax/about/key_difference  
Nordic Countries   First North Alternative Market   http://www.omxgroup.com/nordicexchange   http://www.omxgroup.com/nordicexchange/companiesandissuers/  
Pakistan   KSE OTC   http://www.kse.com.pk/   http://www.kse.com.pk/  
Papua New Guinea   POMSoX   http://www.pomsox.com.pg/   http://www.pomsox.com.pg/listing_rules.php  
Philippines   SME Board   http://www.pse.com.ph/   http://www.pse.com.ph/  
Poland   SITech   http://www.gpw.com.pl/   http://www.gpw.pl/gpw.asp?cel=e_spolki&k=21&i=/droga/listing&sky=1&nagnaz=Listing%20in%20Warsaw  
Russia   The MICEX Stock Exchange Sector for Innovation and Growth Companies   http://www.micex.com   http://www.micex.com/fbmmvb/listing.html  
Singapore   OTC Capital   http://www.otccapital.com/web/default.aspx   http://www.otccapital.com/files/company_questionnaire20060614.pdf  
Singapore   SESDAQ   http://www.sgx.com/   http://info.sgx.com/weblist.nsf/newDOCNAME/ST_ListingReq?opendocument  
Slovak Republic   BSSE Regulated Free Market Listing Program   http://www.bsse.sk/Content/EN/Issues/markets/regulated%20free%20market.htm?LANG=EN   http://www.bsse.sk/Content/EN/Issuers/info/info_FM.htm?LANG=EN  
Slovenia   BSSE Regulated Free Market   http://www.bsse.sk/index.aspx?LANG=EN   http://www.bsse.sk/Content/EN/Issues/markets/regulated%20free%20market.htm?LANG=EN  
South Africa   AFRIDAQ OTC Bulletin Board   www.afridaq.com   http://www.afridaq.com/downloads/The_Guide_to_Afridaq.pdf  
South Africa   Alternative Exchange (AltX)   http://www.altx.co.za/   http://www.altx.co.za/how_to_list.jsp  
Spain   Nuevo Mercado   http://www.bolsamadrid.es/   http://www.bolsamadrid.es/ing/contenido.asp?menu=2&enlace=/ing/cotizar/cotizar.htm  
Spain   Spanish New Market   http://www.borsabcn.es/bolsabcn/navegacion.nsf/vweb/bintn_nm_cat?OpenDocument   http://www.borsabcn.es/bolsabcn/navegacion.nsf/vweb/bempr_sb_eng?OpenDocument  
Sweden   Nordic Growth Market (NGM)   http://www.ngm.se/en   http://www.ngm.se/en  
Sweden   OMX First North   http://www.omxgroup.com/firstnorth   http://www.omxgroup.com/firstnorth/company_issuers_area/Joining_First_North/First_North_or_the_Nordic_list/  
Switzerland   SWX Local Caps Segment   http://www.swx.com/admission/listing/segments_en.html   http://www.swx.com/download/admission/regulation/rules/addrules_localcaps_en.pdf  
Taiwan   Gre Tai Securities Market (the GTSM)   http://www.gretai.org.tw/   http://www.gretai.org.tw/en/regular_emerging/governance/corporate_governance.php  
Tanzania   Dar es Salaam Stock Exchange OTC Tier   http://www.darstockexchange.com/   http://www.darstockexchange.com/listing_fees.asp  
Thailand   Market for Alternative Investment (MAI)   http://www.mai.or.th/en/about/about.html   http://www.mai.or.th/en/about/rules.html  
Tunisia   Bourse de Tunis   http://www.bvmt.com.tn/   http://www.bvmt.com.tn/Societes/admission_cote.html  
Turkey   Gelişen İşletmeler Piyasası (GİPAŞ) (2008 Launch)   http://www.todayszaman.com/tz-web/detaylar.do?load=detay&link=116943    
Turkey   New Economy Market   http://www.ise.org/   http://www.feas.org/Member.cfm?MemberID=11  
Uganda   Uganda Securities Exchange   http://www.use.or.ug/   http://www.use.or.ug/categories.asp?category=market%20regulations  
United Kingdom   AIM   http://www.londonstockexchange.com/en-gb/products/companyservices/ourmarkets/aim_new/   http://www.londonstockexchange.com/en-gb/products/companyservices/joiningbeingonmarket/ukcompanyservices/decision/ourmarkets/  
United Kingdom   PLUS Markets   http://www.plusmarketsgroup.com/   http://www.plusmarketsgroup.com/PLUS_about.shtml  
United States   AMEX   http://www.amex.com/   http://www.amex.com/?href=/equities/howToLst/Eq_HTL_ListProcess.html  
United States   Entrex   http://www.entrex.net/   http://www.entrex.net/companies.php  
United States   Funding Roadmap   http://www.fundingroadmap.com   http://www.fundingroadmap.com/smallbusiness.php  
United States   NASDAQ Capital Market   http://www.nasdaq.com/   http://www.nasdaq.com/about/nasdaq_listing_req_fees.pdf  
United States   NYSE Arca   http://www.nyse.com/about/listed/1140564939187.html?sa_campaign=/internal_ads/homepage/productsignature/nysearca   http://www.nyse.com/about/listed/1150366630075.html  
United States   OTCBB   http://www.otcbb.com/   http://www.otcbb.com/issuerinformation/issuerinfo.stm  
United States   OTCQX   http://www.otcqx.com/otcqx/home   http://www.otcqx.com/otcqx/listingRequirements  
United States   Pink Sheets   http://www.pinksheets.com/   http://www.pinksheets.com/otcguide/issuers_getquoted.jsp  
United States   Secondary Market Exchange Inc.   http://www.secondarymarketexchange.com/   http://www.secondarymarketexchange.com/contactus.aspx  
United States   SecondMarket   http://www.secondmarket.com/   http://www.secondmarket.com/ecosystem.php  
United States   SharesPost   http://www.sharespost.com/   http://www.sharespost.com/pages/our_process  
United States   The Private Capital Network   www.privatecapitalmarket.com   www.privatecapitalmarket.com/startup_details.php  
United States   Unified Market   http://www.unifiedmarket.com/   http://www.unifiedmarket.com/public/page/3  
United States   Zealous ATS   www.zealousats.com   http://www.zealousats.com/issuers.htm  
 
Click Capital Market White Papers to review a list of relevant information pieces.