The New Zealand Exchange (NZX) can trace its history back to the merger of New Zealand’s many regional exchanges under a nationwide exchange in 1974. The exchange counts around 20 financial services companies as market participants and lists more than 150 companies.
In addition to the Main Board, the NZX also operates an exchange for small and medium-size enterprises (the NXT), and an alternative exchange for fast-growing businesses (the NZAX). A debt market (the NZDX) and a derivatives market (NZX Derivatives) expand the number of contracts which can be traded on the NZX. Additionally, the NZX operates the Fonterra Shareholders’ Market which services the approximately 13,000 New Zealand dairy farmers which jointly own the Fonterra joint-stock company.
The NZX 50 index provides a broad overview of NZX performance.
Trading hours: Monday through Friday 10:00 a.m. to 4:45 p.m. NZST (UTC+12/+13)
Settlement cycle: T+2