new_zealand_stock_exchange [PPro8 Wiki]

This page is read only. You can view the source, but not change it. Ask your administrator if you think this is wrong.
====== 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.


[[http://www.nzx.com | Homepage]]

Currency: New Zealand Dollar (NZD)

[[https://www.nzx.com/investing/nzx-trading-hours | Trading Hours & Holiday Calendar]]

==== Order Types ====

  * Limit Day
  * Fill or Kill (FOK)
  * Immediate or Cancel (IOC)

==== Basic Market Rules ====

  * Lot Size: 100 shares.
  * Tick Size: minimum price change for securities quoted on NZX is one cent ($0.01 AUD), except when the price is less than twenty cents ($0.20), then the minimum price change will be one tenth of a cent ($0.001).
  * Short Sale Rules: short sales can be executed only on approved securities. Short sales cannot be completed if a sale means that 10% of the security is being subject to short sales. Uptick rules apply. All net short positions must be reported to the exchange.
  * Circuit Breakers: there is currently no circuit breakers mechanism in NZX.
  * Crossing: all crossing is permitted within market price. Outside of market price, crosses must be greater than NZ$1 million.

==== Trading Sessions ====

1. **Pre-Open** (08:30:00 - 09:59:29)
  * Orders can be entered but will not execute

2. **Opening Auction**
  * Occurs at random from 09:59:30 - 10:00:30

3. **Continuous Trading** (10:00:30 - 16:44:59)
  * Takes place after the Opening Auction

4. **Pre-Close** (16:45:00)
  * Orders can be entered but will not execute

5. **Closing Auction**
  * 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

For more information on the rules governing the New Zealand Stock Exchange, see the [[ https://www.nzx.com/regulation/participant-rules | Participant Rules]] page.

===== Additional Info =====

==== Regulatory Bodies ====

The [[ http://www.fma.govt.nz/ | Financial Markets Authority (FMA)]] is responsible for overseeing exchanges and regulating financial advisors, financial service providers, trustees, and auditors. Its objectives are to promote and facilitate the development of fair, efficient, and transparent financial markets.

==== Financial News/Research ====

  * [[http://www.nbr.co.nz/ | The National Business Review]]
  * [[https://www.nzherald.co.nz/topic/economy/ | The New Zealand Herald - Business Section]]
  * [[http://nz.finance.yahoo.com/ | Yahoo!Finance - New Zealand]]

==== Market Data ====

  * [[https://www.nzx.com/markets/NZSX | NZSX Market Data]]

===== See Also =====
  * [[market_guides|Market Guides]]