NZX says mutualised default fund will better protect dairy derivatives market

Thu, 08 Nov 2018

By Rebecca Howard Nov. 9 (BusinessDesk) - NZX says a new mutualised default fund will better protect its dairy derivatives market and allow for further market growth. NZX Clearing, the central counterparty that settles all NZX on-market transactions, determined its current approach was not sustainable or economically efficient to support the continued growth of the derivatives market. The fund's introduction follows a 12-month consultation and engagement period. The NZX dairy derivatives market was launched in 2010 to provide risk ma...

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