New Zealand Stock Exchange (NZX)

About the New Zealand Stock Exchange :

The New Zealand Exchange (NZX) is based in Wellington, New Zealand. It consists of three main markets :

• New Zealand Alternative Market (NZAX)

• New Zealand Stock Market (NZSX)

• New Zealand Debt Market (NZDX).

The NZAX is the newest equities market that holds fast-growing, developing companies, and companies with non-traditional structures, whereas the NZSX or the main board is the NZX's premier equity market.

The NZDX is New Zealand's market for trading debt securities, which ranges from corporate and government bonds to fixed income securities. It also has the NZFOZ, which includes futures and options contracts.

The NZX is responsible for three subsidiary companies: Smartshares, Link Market Services and Agri-Fax. The NZX is New Zealand's only securities exchange. It is also responsible for regulating and surveying the country's capital markets. On June 24, 1991 the NZX incorporated a computerized trading system and in 1999 they updated the system to the FASTER system.