What is the New Zealand Stock Exchange (NZE) .NZ
The securities market in New Zealand. The New Zealand Stock Exchange (NZX), based in Wellington, consists of the New Zealand Alternative Market, the New Zealand Stock Market and the New Zealand Debt Market. Their purpose is to offer secure, liquid investments and opportunities for individuals and companies.
BREAKING DOWN New Zealand Stock Exchange (NZE) .NZ
The NZX originated in New Zealand's 1870s Gold Rush, when the country's four biggest gold mines served as financial centers and each had its own exchange. It wasn't until 1974 that these entities merged to form the contemporary New Zealand Stock Exchange. In 2003, the NZX officially became a limited liability company, with its new name being the New Zealand Exchange Limited. Since 2003 ownership and control of the exchange has been with the shareholders, with brokers taking on the role of market participants.
The exchange today consists of the NZX Main Board (NZSX), NXT Market (NXT), NZX Alternative Market (NZAX), NZX Debt Market (NZDX), NZX Dairy Derivatives, NZX Equity Derivatives (NZCX), Fonterra Shareholders Market (FSM) and S&P/NZX Indices. The stocks listed on the main board had a market capitalization of $92 billion USD as of May 2018.
NZ Exchange Products
Smartshares is New Zealand’s only issuer of Exchange-Traded Funds listed on the NZX main board, with in excess of 10,000 unit holders and more than NZD $1.6 billion of funds under management.
SuperLife provides superannuation, KiwiSaver, investment and insurance solutions to over 45,000 members and has over $1.6 billion of assets invested. The SuperLife schemes are designed to provide these benefits to both businesses and individuals.
NZX Wealth Technologies is a wealth management business wholly owned by NZX, that delivers rich online platform functionality available to enable New Zealand investment advisors and providers to efficiently manage, trade, and administer their client's investment assets.
NZX Agri supports businesses with a vested interest in New Zealand agriculture to make more informed decisions by providing valuable news, information, markets data, and intelligence on New Zealand's primary sector. Two major brands, Farmers Weekly and AgriHQ, deliver independent and authoritative information to a broad demographic from on-the-ground farmers to boardroom executives of major agri-businesses both onshore and offshore.
Virtual Trading provides a virtual platform for people to learn about key investing concepts by actively trading virtual securities. "Investors can trade at their own pace, 24/7, in a virtual/risk-free environment," according to the exchange website.