NZX nestles up to Nasdaq in latest international tie-up

Tue, 11 Sep 2018

By Paul McBeth Sept. 12 (BusinessDesk) - NZX has signed a memorandum of understanding with US tech-heavy bourse operator Nasdaq, which will let top-tier American companies apply for a secondary listing locally. The deal is the latest in the New Zealand stock market operator's attempts to develop closer links with international peers as it seeks to promote local investment products and drive greater liquidity through its own platform. The two exchanges have agreed to explore ways to promote dual listings, depository receipts, exchange...

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