Markets

NZX expects to share cost of extra tech security

Paul McBeth
Mon, 21 Dec 2020

Paul McBeth
Mon, 21 Dec 2020
The NZX will probably have to hike prices to cover the cost of circling the cyber wagons after this year's massive cyber attack that took down the stock exchange’s website and disrupted trading.The stock market operator said investment recommended by two independent reports into its IT systems will increase NZX’s ongoing technology costs, and customers will probably have to share the extra expense. Until a formal plan is agreed with the Financial Markets Authority, the NZX said it can’t quantify the likely incremental incr...

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