What is the New Zealand Stock Exchange?
The New Zealand Stock Exchange is a national exchange in the country. Its legal name is New Zealand Exchange Limited and trades as NZX. The exchange leads three markets with new development. This name changed to NZX in 2003, shortly after the demutualization of the exchange. This meant that it was no longer just owned by its members, but instead it was a publicly traded society.
There are three main markets on the New Zealand Stock Exchange. The primary exchange is the NZ NZSX stock market, once known as the main advice. It covers more than 200 companies. As with many stock markets, the main index, NZSX 50, which monitors the 50 largest market capitalization companies.
NZ The alternative market or NZAX is designed by a FNEBO company where the extract for the main exchange is not ideal. This includes smaller companies that are growing rapidly, those for which the costs of introducing the main stock exchange would be unbearable, and organizations with unconventional establishments such as cooperatives. NZAX offers a sponsorship scheme where banks can help companies with a tiltADY and LIST on the market.
Debt market NZ or NZDX deals with debt securities. This includes corporate bonds, government shares and treasures. Since 2010, plans for the fourth market for the New Zealand stock exchange existed. Entitled NZFOX, was scheduled to permit trading with futures and options based on securities traded in other markets.
The New Zealand Stock Exchange also has several subsidiaries. He is a direct Smartshares owner who offers investment funds, and a fund that examines the fund. It has a partial share in the market service with a reference that operates the register of shares, and Apello Services, which offers fund management services.
NZX also has a number of interests in the agriculture sector. These include Agrifax, which provides prices and information services, Dairweek, a weekly newspaper abstract service for the dairy industry, and editors that publish many countriesMagazines. NZX also cooperates with several banks in an effort to initiate a competitive electronic communication service for existing settings on the Australian financial markets.