NZX halts trading in dairy derivatives on information errors over GDT forecast offer

Thu, 14 May 2015

May 15 (BusinessDesk) - NZX Regulation, the supervisory arm of the stock market operator, has placed a trading halt on dairy futures and options after technical errors led to discrepancies in information detailing how much product Fonterra Cooperative Group plans to offer in next week's GlobalDairyTrade auction, a benchmark for the derivatives. Trading was halted at 11.07am today "pending a correction to the announcement regarding the Fonterra Offer Quantities for the GlobalDairyTrade (GDT) auction released yesterday afternoon," NZX Regulati...

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