NZX eyes US investors thirsty for dairy derivatives

Mon, 03 Feb 2014

By Suze Metherell Feb. 3 (BusinessDesk) – NZX, New Zealand’s market operator, has taken another step towards expanding its dairy derivatives market into the US with approval to allow direct access for American customers. NZX is now a registered Foreign Board of Trade under the US Commodity Exchange Act, allowing US investors’ direct access to trade in New Zealand dairy derivatives. Whole milk powder options and futures, skim milk powder and anhydrous milk fat futures have traded on the NZX since October 2010. New Zealand is the world’s big...

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