NZX announced it will implement changes to its trading and clearing pricing structure in the second half of 2018 as it responds to feedback from market participants and to encourage more on-market liquidity. This supports the exchange’s commitment to secondary market development, as outlined in its recently released strategy. NZX will migrate to a trading…
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New Zealand Stock Exchange (NZX) announced that it will extend the trading hours of its dairy derivatives market in July 2018, subject to regulatory approval. This extension supports the New Zealand exchange’s strategy to improve global access to its dairy derivatives market in response to customer demand. The trading session will move the existing market…
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The New Zealand Stock Exchange Board today announced the appointment of Nigel Babbage as a director. Babbage has more than 30 years’ experience working in financial and capital markets. This includes 18 years abroad where he held executive roles with British Petroleum (now BP) and Citibank, managing the New York currency derivatives desk. In addition…
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The NZX Stock Exchange (NZX:NZE) announced that it has joined the United Nations Sustainable Stock Exchange (SSE) initiative as a partner exchange. The SSE initiative provides a platform for exchanges to discuss environmental, social and corporate governance enhancements and stimulate discussions about sustainable investment. Joining more than 60 global exchanges this partnership reinforces NZX’s ongoing…
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The NZX Stock Exchange (NZX:NZE) has announced it has settled all outstanding matters regarding the NZX Ralec litigation following the High Court’s decision released 16 November 2016. As a result, there will be no appeal by either party of the High Court’s decision. The litigation related to the acquisition of the Clear Grain Exchange from…
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