Intense trading boosts NZX revenue

Thu, 30 Apr 2020

High trading volumes and a fee increase has seen NZX Limited’s 2020 first quarter revenue rise 18 percent to $18.5 million from $15.7 million the year before. This was led by a 45.9 percent increase in revenue from secondary markets, climbing $1.6 million to a total of $5.1 million. The covid-19 pandemic has spurred a dramatic increase in trading amid a highly volatile market. A total of 2.2 million equity trades were placed during the quarter, up 196.6 percent, for a value of $13 billion. While the cash market saw a 44.5...

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