NZX considers minimum size for off-market trading

Mon, 09 Apr 2018

By Paul McBeth April 10 (BusinessDesk) - NZX is seeking feedback on a proposal to set a minimum threshold for off-market trading in an effort to improve price disclosure and stoke liquidity on the stock market. The Wellington-based company is considering introducing a $50,000 threshold for investors to trade stocks outside the formal secondary market, which it estimates accounts for 5-to-7 percent of off-market trading, in an effort to drive more activity on-market. Off-market trading has been the subject of controversy and criticism and...

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