All Entries in the "New Zealand" Category
NZX Dairy Futures Break Through 20000 Lots Traded
NZX Dairy Futures passed the critical milestone of 20,000 lots traded in the 18 months since launch in late 2010. Even more significant is the growth momentum in these products: it took just on a year for the first 10,000 lots to be traded, whereas the second 10,000 lots took just four months. “This is [...]
NZX Futures Block Trade Amendment
Part C of “Appendix One: Key Contract Information” of the NZX Limited Derivatives Market Procedures (“Procedures”) currently specifies the Minimum Volume Thresholds for the Block Trading Facility as 250 Lots for each of Contract No. 1 Global Whole Milk Powder (WMP) Futures, Contract No. 2 Global Anhydrous Milk Fat (AMF) Futures and Contract No. 3 [...]
NZX Dairy Futures Surpasses Another Milestone
More than 5000 lots have traded on the NZX Dairy Futures market. Since the launch of the NZX Dairy Futures Just over a year ago,more than 5000 lots have now been traded. The majority of the trading activity has been in whole milk powder (WMP) futures contracts. WMP futures contracts now trade daily. In recent [...]
NZX Head of Markets to Assume Broader Role
NZX Head of Markets Fiona Mackenzie, who also heads up the company’s Auckland office and has driven the development of the dairy futures market, will assume a broader role this month. Taking the Head of Strategy role alongside the Markets role will see Fiona formally assume responsibility for strategy, finance and the investor relations portfolios. [...]
BNP Paribas to Join NZX Derivatives Market as General Clearing Participant
NZX is pleased to announce that BNP Paribas will become a General Clearing Participant for the NZX Derivatives Market General Clearing Participants provide the vital link from customer to clearing house, settling and clearing trades on behalf of all NZX trading participant clients. BNP Paribas is a leading international bank with a AA credit rating [...]
NZX Launches the New Zealand Pasture Growth Index
NZX is broadening its information product set for the global dairy market by launching the innovative New Zealand Pasture Growth Index. The new index predicts potential grass growth in New Zealand’s dairy regions, based on data provided by the national climate station network, and weighted by regional milk production. New Zealand exports 90 percent of [...]
NZX and RBNZ sign Clearing and Settlement MOU
NZX is very pleased to announce that it has signed a Memorandum of Understanding (the “MOU”) with the Reserve Bank of New Zealand (RBNZ) that cements the co-operative relationship between the two entities with regard to clearing and settlement in New Zealand. The key terms of the MOU are: * The RBNZ will, under its [...]
NZX Dairy Futures Set To Go Live
New Zealand’s capital markets are set for a transformation with tomorrow’s launch of NZX Dairy Futures. The launch will make NZX the only company to offer a truly global, cash settled, exchange traded futures product that enables participants to manage risk in the world dairy market. The first product to start trading will be the [...]
NZX Experiences Multiple Server Failure
NZX this morning experienced failure in multiple hardware servers. These servers are the mechanical platform upon which the market infrastructure operates. A brief interruption was experienced with respect to the index feeds. This was restored mid-morning. NZX initiated business continuity planning procedures. Included in these procedures was the consolidation of the twice a day net [...]
Securities Commission Authorises NZX Futures Exchange
NZX is pleased to announce that the Securities Commission has declared NZX Limited an authorised futures exchange for the purpose of Part III of the Securities Markets Act 1988. This enables NZX to operate its Derivatives Market and launch new futures products, including Dairy Futures. NZX is launching its Derivatives Market on 8 October 2010 [...]
