sharesies.nz

[peat]

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.

Wow that would appear to be bull dung of the greatest order
Even NZX released a statement saying it was them

"NZX has experienced several technical issues in the last six

trading days. The root cause of these issues appears to stem from a

significant increase in trading volumes " Although I note it later says " The incidents primarily involve NZX's clearing and settlement system, which has come under significant pressure as it also acts as the gateway to report trade notifications and undertake shareholder balance enquiries for certain market participants." ….. as if to say that that there are different systems reporting trade notification and s/h balance enquiries for different participants. I honestly thought NZX had accepted responsibility for the delays.