NZX appoints First NZ Capital as NXT market maker

Tue, 03 Mar 2015

By Suze Metherell March 4 (BusinessDesk) - NZX, the stock market operator, named First NZ Capital as the first brokerage to agree to be a market maker for its yet-to-be-launched NXT market for small and medium-sized companies. The Wellington-based exchange operator's new market, whose less-onerous disclosure regime requires key operating metrics rather than a full suite of financial information, was approved by the Financial Markets Authority last September. As part of the approval, NZX is appointing market makers to promote confidence an...

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