NZX dairy derivatives gain wider reach with addition of US-based ADMIS

Mon, 29 Feb 2016

By Tina Morrison March 1 (BusinessDesk) - NZX, the New Zealand financial market operator, has boosted the reach of its dairy derivatives market by linking up with US-based brokerage and clearing firm ADM Investor Services. Chicago-based ADMIS, which has strong roots in the agricultural commodities market reaching back to the 1930s, has been accredited as a derivatives trading and advising participant and a general clearing participant for the NZX dairy derivatives market. It's the third US-based participant to gain full membership status...

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