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Opinion

Is the NZX past its use by date?

Brian Gaynor
Sat, 24 Jul 2021

The stock exchange's board could use some fresh blood. (Image: BusinessDesk)
Brian Gaynor
Sat, 24 Jul 2021
The New Zealand economy is experiencing a massive surge in innovation, mainly driven by millennials, but most of this innovation is bypassing the NZX.The domestic market hasn’t been able to attract growth companies, partly because the stockbroking sector is a weak link in its ecosystem.Each part of an ecosystem depends on every other part, either directly or indirectly, and the NZX has always been highly dependent on stockbrokers and investment bankers.Brokers were the go-to individuals for advice and access to investment products until r...

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