NZX trend to smaller, automated trades

Fri, 03 Aug 2012

By Jonathan Underhill Aug. 3 (BusinessDesk) - NZX cash market trading rose in volume while falling in value last month, reflecting a global trend driven by increased use of automated trading that lets computers decide how to execute trades at the best levels. Total trades climbed 13.5 percent to 62,299 in July from a year earlier, while average daily trades gained 8.4 percent to 3,150, according to the Wellington-based market operator’s monthly metrics. The total value traded fell about 13 percent to $2.3 billion, continuing a trend of recent...

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