User Tools

Site Tools

Trace:
new_zealand_stock_exchange

Differences

This shows you the differences between two versions of the page.

Link to this comparison view

Both sides previous revisionPrevious revision
Next revision		Previous revision
new_zealand_stock_exchange [2020/11/27 14:51] – mayanew_zealand_stock_exchange [2023/02/27 12:05] (current) – hammed
Line 1: Line 1:
-====== New Zealand Stock Exchange (NZX) ======+====== New Zealand Exchange (NZX) ====== 
 + 
 +NZX is the official equities exchange of New Zealand. It facilitates the trading of securities of the majority of New Zealand's listed companies and also a number of listed overseas companies. The Exchange owns Smartshares, the country's only issuer of listed ETFs. 
 + 
 +Please note: Until further notice, market is not available to trade.
  
-NZX is the main equities exchange in New Zealand. It facilitates trading of securities of the majority of New Zealand's listed companies and also a number of overseas listed companies.  
  
 [[http://www.nzx.com | Homepage]] [[http://www.nzx.com | Homepage]]
Line 11: Line 14:
 ==== Order Types ==== ==== Order Types ====
  
-  * Limit Buy/Sell->ShortSell (Day/IOC/FOK)+  * Limit Day 
 +  * Fill or Kill (FOK) 
 +  * Immediate or Cancel (IOC)
  
 ==== Basic Market Rules ==== ==== Basic Market Rules ====
Line 27: Line 32:
  
 2. **Opening Auction** 2. **Opening Auction**
- * Occurs at random from 09:59:30 - 10:00:30+  * Occurs at random from 09:59:30 - 10:00:30
  
 3. **Continuous Trading** (10:00:30 - 16:44:59) 3. **Continuous Trading** (10:00:30 - 16:44:59)
   * Takes place after the Opening Auction   * Takes place after the Opening Auction
  
-4. **Pre-close** (16:45:00)+4. **Pre-Close** (16:45:00)
   * Orders can be entered but will not execute   * Orders can be entered but will not execute
  
 5. **Closing Auction** 5. **Closing Auction**
-  * occurs at random from 16:59:30 - 17:00:30 +  * Occurs at random from 16:59:30 - 17:00:30 (DTTW™ closing auction order cut-off time: 16:59:15) 
- +  * **Note:** any order sent during the closing auction must be within 7% of the theoretical auction price
-=== Pre-Opening === +
- +
-During a Pre-Opening Session: +
-  * Orders may be entered, cancelled, or amended; +
-  * No orders will be matched, and; +
-  * Off-Market trades can be entered into until, but not after, the time that is 15 minutes before the end of the Pre-Opening Session +
-   +
-=== Opening Order Match === +
- +
-During an Opening Order Match: +
-  * Orders will be matched in price-time priority, and; +
-  * When Orders in the Pre-Opening session result in overlapping prices at the commencement of the Opening Order Match period, the system will match orders and establish prices according to procedures determined from time to time by NZX. +
-   +
-=== Pre-Close Session === +
- +
-During a Pre-Close Session: +
-  * Orders may be entered, cancelled, or amended; +
-  * No orders shall be matched, and +
-  * No Off-Market trades are permitted +
- +
-=== Close === +
- +
-Orders are matched in price-time priority. If orders in the pre-close session result in overlapping prices at the commencement of the NZSX close period, the system will match orders and establish prices according to procedures determined from time to time by NZX. +
- +
-**Auction Periods** +
- +
-1. **Pre-Close Session** (16:45 - 17:00) +
- +
-  * Dealers, DMA Dealers, and DMA-Authorized Persons may enter, cancel, or amend orders; +
-  * No orders shall be matched by the Trading System, and +
-  * Trading Participants may not enter into Off-Market Trades +
- +
-2. **NZSX Close** (17:00)  +
- +
-  * Instantaneous matching of Orders by the Trading System prior to the commencement of the Adjust Session:  +
-    * Orders shall be matched by the Trading System in priority by price and time of entry; and +
-    * Where Orders in the Pre-Close Session result in overlapping prices at the commencement of the NZSX Close period, at the commencement of the NZSX Close the Trading System will match the orders and establish prices according to procedures determined from time to time by NZX +
- +
-**Order Types:** Limit order with TIF set to DAY and Market order with TIF set to DAY. +
- +
-=== Adjust Session === +
- +
-During the Adjust Session: +
-  * Orders may be cancelled, but new orders may not be entered, and; +
-  * No orders are matched in the Trading System +
-   +
-=== Enquiry Session === +
- +
-During an Enquiry Session: +
-  * No bid/offer orders can be entered, amended, cancelled, or matched in the Trading System +
-  * A transaction made between mutually acceptable parties must be reported as a sale through the Trading System no later than 15 minutes prior to the commencement of the Normal Trading Session of the next trading day+
  
 For more information on the rules governing the New Zealand Stock Exchange, see the [[ https://www.nzx.com/regulation/participant-rules | Participant Rules]] page. For more information on the rules governing the New Zealand Stock Exchange, see the [[ https://www.nzx.com/regulation/participant-rules | Participant Rules]] page.
Line 101: Line 55:
  
   * [[http://www.nbr.co.nz/ | The National Business Review]]   * [[http://www.nbr.co.nz/ | The National Business Review]]
-  * [[http://www.nzherald.co.nz/markets/news/headlines.cfm?c_id=62 | The New Zealand Herald - Business Section]]+  * [[https://www.nzherald.co.nz/topic/economy/ | The New Zealand Herald - Business Section]]
   * [[http://nz.finance.yahoo.com/ | Yahoo!Finance - New Zealand]]   * [[http://nz.finance.yahoo.com/ | Yahoo!Finance - New Zealand]]
  
 ==== Market Data ==== ==== Market Data ====
  
-  * [[http://www.findata.co.nz/Markets/NZX.htm | FINDATA - NZX]] 
   * [[https://www.nzx.com/markets/NZSX | NZSX Market Data]]   * [[https://www.nzx.com/markets/NZSX | NZSX Market Data]]
  
 ===== See Also ===== ===== See Also =====
   * [[market_guides|Market Guides]]   * [[market_guides|Market Guides]]
new_zealand_stock_exchange.1606506688.txt.gz · Last modified: 2020/11/27 14:51 by maya