NZX trading booms in 2020

Thu, 07 Jan 2021

The NZX’s aim to increase on-market liquidity is paying off with the total number of trades jumping 149 percent to 12 billion in 2020 while the total value traded was up 42 percent to $54 billion.The stock market launched a five-year strategy in 2017 to bolster liquidity and some of those activities have been the main drivers behind the increase, NZX chief financial officer Graham Law told BusinessDesk.Among other things, it stripped out a fixed trading fee of $1.31 per trade and brought on new participants, both wholesale and retail. It...

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