NZX - NZ Exchange

[Hectorplains]

IPO pipeline is looking drier than North Canterbury - http://www.nzherald.co.nz/business/n...ectid=11634274. That's not helpful for NZX.

[Balance]

I thought NZX gets a fixed fee from broker subscriptions?

That's but one fee which the NZX charges.

There are fixed fees which the NZX raised to exorbitant levels and received a backlash from participants threatening to file complaints via Commerce Commission for abuse of monoploy position. The NZX backed down as it was clear it was already making exceptional returns on the miserable service it provided participants.

Then there are variable fees like transaction fees - the NZX charges participants a fee for every single transaction and on value of trades as well. Guess why the exchange refuses brokers from bundling orders?

[trader_jackson]

Not sure if this is the right place, but is the NZX website having problems right now? I note the S&P/NZX 50 is currently at 0 (top left corner), with none of the usual 8:30am (aprox) announcements...

(if the NZX 50 being 0 is not an error, then we have a very serious problem! )

[Balance]

Not sure if this is the right place, but is the NZX website having problems right now? I note the S&P/NZX 50 is currently at 0 (top left corner), with none of the usual 8:30am (aprox) announcements...

(if the NZX 50 being 0 is not an error, then we have a very serious problem! )

Site not updating.

Staff probably still asleep - huge celebration over the weekend over the demise of a much loathed exCEO of MediaWorks (& NZX)?

[Lewylewylewy]

Definitely the right place to discuss issues with the product.

Also, thanks balance!

[Balance]

A dog ate my notebooks, Sir...

Catch 22 isn't it - how do you demonstrate that they'd be significant without access to them to ascertain this?

Fascinating case. Should be some good drama ahead.

Setting up the cross examination to come about how the dog ate the notes?

http://www.nbr.co.nz/article/paviour...hange-b-188776

"North also questioned Paviour-Smith about Mark Weldon's note-taking habits at board meetings. Paviour-Smith said he had seen Weldon taking notes at meetings, which he would expect a CEO to do."

[Hectorplains]

Setting up the cross examination to come about how the dog ate the notes?

http://www.nbr.co.nz/article/paviour...hange-b-188776

"North also questioned Paviour-Smith about Mark Weldon's note-taking habits at board meetings. Paviour-Smith said he had seen Weldon taking notes at meetings, which he would expect a CEO to do."

"...a commitment in principle." Weasel words. The whole thing oozes lack of principles! You'd be up to be committed if you trust anyone involved in this, and I'd happily sign the necessary papers.

[Balance]

NZX shooting itself in both feet in its testimonies to date. Annual reports all have glowing comments about Clear Grain but court case testimonies by NZX directors contradict the rosy pictures painted in the annual reports.

In future, read NZX commentaries with big big grains of rock salt which punters need to suck on as they read and digest the information!

http://www.nbr.co.nz/article/ralec-p...eldon-b-189052

http://www.nbr.co.nz/article/paviour...hange-b-188776

http://www.nbr.co.nz/article/harmos-...tment-b-188960

[Hectorplains]

NZX shooting itself in both feet in its testimonies to date. Annual reports all have glowing comments about Clear Grain but court case testimonies by NZX directors contradict the rosy pictures painted in the annual reports.

In future, read NZX commentaries with big big grains of rock salt which punters need to suck on as they read and digest the information!

http://www.nbr.co.nz/article/ralec-p...eldon-b-189052

http://www.nbr.co.nz/article/paviour...hange-b-188776

http://www.nbr.co.nz/article/harmos-...tment-b-188960

Short of NBR there's been a dearth of coverage on NZ MSM. Fascinating reading but! Agreed, it's not looking good for NZX!

[Lola]

Short of NBR there's been a dearth of coverage on NZ MSM. Fascinating reading but! Agreed, it's not looking good for NZX!

Not really surprising (lack of coverage) given the general public's lack of understanding about what goes on in the ethereal realms of business and how the chips are shared about.

BUT HOPEFULLY some journo will get a sniff soon on what this case could unearth , and maybe start to concentrate on; viz the timing of the announcements from the NZX about how well the Clear deal was going and then the dealing in quite substantial lines of stock and then the exit of the the then CEO. Yeah Nah surely there will be notes lost. Move on they say , and run a new program for the PM.