NZX looks to launch spot gas market in June

Mon, 04 Mar 2013

By Paul McBeth March 5 (BusinessDesk) - Stock exchange operator NZX is looking to launch a new spot gas market in June this year expanding its range of services, and providing participants a new tool to manage their supply as the sector new pipeline requirements. The Wellington-based company's launch is contingent on securing operating approvals, and will offer a baseline market from June to allow monthly, weekly, daily and intraday products to be traded, it said in a statement. The market will use a 'virtual welded point' based on the Maui...

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