New Zealand Exchange
| New Zealand Exchange Limited (NZX)
|
|
|---|---|
 |
|
| legal form | Limited |
| ISIN | NZNZXE0001S7 |
| founding | December 31, 2002 |
| Seat |
 Wellington , New Zealand
|
| management | Mark R. Weldon, CEO |
| Number of employees | 60 2008 |
| sales | NZ $ 62.792 million in 2013 |
| Branch | Stock exchange |
| Website | www.nzx.com |
The New Zealand Exchange (NZX), also known as the New Zealand Stock Exchange , is the only exchange in New Zealand , based in Wellington , the country's capital. The leading index of the exchange is the NZX 50 index .
Although the exchange in its current form and privately operated has only existed since December 31, 2002, its history goes back to the founding years and the time of the gold rush in Otago (1861–1863).
history
Due to the numerous gold discoveries on the Coromandel Peninsula , on the West Coast and especially in Otago , a rapidly growing capital market for investments and speculation developed in New Zealand . The center and metropolis for this market in 1868 was the city of Thames , which invested in the 320 on the Coromandel Peninsula and managed mining companies specializing in quartz and gold mining. New Zealand's first stock exchange was established here, in the town with a population of 18,000 at peak times, which was briefly more important than Auckland, among other places .
After the capital market had got a better regulation by the Sharebrokers Act in 1871 , the Auckland Exchange was founded in 1872 , with which the financial transactions of the North Island were again mainly carried out in Auckland.
In the years that followed, other stock exchanges sprang up in the country, of which those in Wellington , Christchurch , Dunedin and Invercargill were the most important. As a result of the large number of stock exchanges created - Dunedin alone had three stock exchanges around 1900 with the Dunedin Stock Exchange , the Equitable and the Otago - competition grew and, as a result, the pressure for concentration and mergers.
In 1915 the Stock Exchange Association of New Zealand was founded in which the four above-mentioned stock exchanges merged. The Auckland Stock Exchange was not one of them.
With the Sharebroker Act Amendment of 1981, the legal basis was finally created for uniting all regionally established stock exchanges in the country under the umbrella of a single national stock exchange. This then happened two years later with the establishment of the New Zealand Stock Exchange (1983).
As part of the privatization campaign of the New Zealand government in the 1990s, it was ultimately also argued that the New Zealand stock exchange should be privatized. After the parliamentary hurdles were removed and the members of the October 2002 New Zealand Stock Exchange, a privatization had favored, the stock market was finally in May 2003 by the New Zealand Exchange Limited acquired.
today
The New Zealand Exchange offers four different marketplaces:
- NZX Main Board (NZSX), the original New Zealand stock market with the New Zealand Stock Market (NZX 50)
- NZX Alternative Market (NZAX), an alternative marketplace for small to medium-sized companies in a rapidly changing market segment
- NZX Debt Market (NZDX), a market for debt securities
- NZX Derivatives, a market for derivatives .
literature
- David Grant: Bulls, Bears and Elephants - A history of the New Zealand Stock Exchange . Victoria University Press, Wellington 1997, ISBN 0-86473-308-9 (English).
- Frank Newman, Phil Briggs: Making Money on the New Zealand Sharemarket . Pursuit Publishing (NZ) Ltd, Auckland 2000, ISBN 0-9597904-6-2 (English, Revised Edition).
- Bateman New Zealand Encyclopedia . 5th edition. David Bateman Ltd., Auckland 2000, ISBN 0-908610-21-1 (English).
- The New Zealand Stock Exchange: demutualization, merger and other issues . In: NZ Parliamentary Library (ed.): Background . Background 2001/5. Wellington April 6, 2005 (English).
Web links
- Homepage. New Zealand Exchange Limited, accessed January 11, 2009 .
Individual evidence
- ↑ New Zealand Exchange Limited - Google Finance (found on January 9, 2009)
- ↑ Financial Statements - For the six months ended June 30, 2014. (PDF (620 kB)) NZX Limited, accessed December 15, 2014 .
- ↑ NZX Main Board (NZSX). NZX Limited, accessed December 15, 2014 .
- ↑ NZX Alternative Market (NZAX). NZX Limited, accessed December 15, 2014 .
- ↑ NZX Debt Market (NZDX). NZX Limited, accessed December 15, 2014 .
- ↑ NZX Derivatives. NZX Limited, archived from the original on January 3, 2015 ; accessed on May 5, 2019 (English, original website no longer available).