sharesies.nz

[blackcap]

the cost is borne by those who experience delays in their order processing due to overloading of the NZX systems, you know what everyone has been bitching about recently. each transaction has to be recorded even if its going to the same nominee account.

I was listening to a presentation by Mark Peterson (CEO of NZX) a few weeks ago. He implied that the delays etc were not an NZX problem but rather a broker back office problem.

That is at odds with the NBR presentation of things. But either way, it means the NZX or brokers need to get with the times (ie the digital age). They have not invested enough in that space is the conclusion I draw.