NZX - NZ Exchange

[percy]

Nice to see the wording "the Paticipant"is this now the correct term for "the Member"which I always enjoyed.?
Unfortunately the joke still remains.

[Anna Naum]

Once again the NZX slaps one of its own with a wet bus ticket

[percy]

Once again the NZX slaps one of its own with a wet bus ticket

Learnt from 'the member'days I would think!!!

[Capitalist]

If you don't like it, don't invest in it. It really is that simple.

[Anna Naum]

If you don't like it, don't invest in it. It really is that simple.

I am more concerned at the lack of real punishment for activities that break the rules. As for the investment case, the only way it becomes better is if the NZX is seen to be a true and fair exchange, this sort of behaviour and punishment does nothing to improve the image of the exchange in the eyes of people looking to commit capital to the market, not just those looking to invest in the stock itself.

[percy]

If you don't like it, don't invest in it. It really is that simple.

You may be right,however I fail t see how anyone can like it.It is a joke that reflects on NZX for issuing it.

[Dr_Who]

If you don't like it, don't invest in it. It really is that simple.

I dont, most of my funds are invested overseas. There is nothing much worth investing on the NZX. This is one of the many reasons why NZers still love properties and not equities.

[percy]

I dont, most of my funds are invested overseas. There is nothing much worth investing on the NZX. This is one of the many reasons why NZers still love properties and not equities.

Unfortunately I think your post is too true.

[Thumpa]

I can't stand the NZX announcements . Look's like they are printed on a commodore 64 dot matrix printer .... unreadable

[peat]

I'm not sure exactly how rational it is but the thought of the national securities exchange (which has some regulatory role) being owned and operated by a foreign corporation is unsettling even if there are synergy benefits. Presumably there are conflicts of interest at some stage as well. Strikes me that best interest of the nation is a large factor in this situation
I guess there are securities exchanges not locally owned in other countries but perhaps in these cases they are not the only bourse eg there is competition.

There are a few objectors popping up in Aussie for this one (the SGX bid)
If it goes through then (barring legal restrictions) the NZX will be a goner. Of course it may well get a good t/o offer but that will in the long run just be another contribution to the demise of our own capital markets


edit : relevant article
ironically listed on the nzx website (well I guess not truly ironically given that its angle)
http://www.nzx.com/home/4272737/ASX-...or-New-Zealand
The ASX attempted to take over the New Zealand stock exchange in 2001, and was rebuffed, largely on national interest arguments.