NZX is the only registered securities exchange in New Zealand, and is also an authorised futures exchange.
Its wholly owned subsidiary, New Zealand Clearing and Depository Corporation, is the operator of a designated settlement system under Part 5 of the Reserve Bank of New Zealand Act 1989. Its newest office is in Auckland, adjacent to the Britomart precinct.
“But it’s no stranger than family trusts, or companies or incorporated societies.” New Zealand MP Adrian Rurawhe doesn’t see the legislation as innovation as much as appropriate progression.
“It’s not that we’ve changed our worldview, but people are catching up to seeing things the way that we see them,” Rurawhe said.
This computerised system was replaced with the FASTER trading system in September 1999.
On 16 October 2002 the Member Firms of the New Zealand Stock Exchange voted in favour of demutualisation, and on 31 December 2002, NZSE became a limited liability company.
quality=75&strip=all&w=620" /In a world first, New Zealand has granted the Whanganui River — known as Te Awa Tupua to the local Maori people — the legal status of a person.
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