NZX losing trust of market participants – FMA

NZX losing trust of market participants – FMA
Paul McBeth
The Financial Markets Authority is deeply concerned the NZX is losing the trust of market participants and the regulator expects urgent investment to stabilise the platform and build resilience.The market watchdog found the NZX fell short of its obligations as a licensed market operator by not having enough capacity in its platform to support a foreseeable spike in trading volumes in March and April last year.It also found the stock market operator failed to have adequate arrangements in place for issuers to make market announcements when a cyb...

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