Forum Archive Index - November 1999

[Adam Rands <adam@iguana.co.nz>]

Its interesting

Iguana is in the process of developing real time ASX prices which it will 
be delivering via its syndicated services..

The ASX quotes will be providing depth and will be available alongside NZ 
quotes..

Every time a NZSE quote is displayed without depth we are going to invite 
the client to click a button which will automatically email the NZSE 
requesting they make depth available to the public..

Hopefully this may stir them up.. 1000's of emails a day :)







At 11:19 AM 11/1/99 +1300, you wrote:
>That is interesting to know.  One can only hope that some of the powers that
>be subscribe to this forum and realise this is information that many would
>be interested in.  I hope some of them at least read the posted messages as
>they have to listen to their clients (us not the brokers) or accept that the
>evolvement of technology will see NZSE eventually being only a memory.
>
> > -----Original Message-----
> > From: Adam Rands [SMTP:adam@iguana.co.nz]
> > Sent: Sunday, 31 October 1999 11:08
> > To:   sharechat@sharechat.co.nz
> > Subject:      Re: [sharechat] Market depth...
> >
> >
> > The NZSE refuse to accept that the small to medium sized investor wants
> > market depth and thus does not make it available on any signals they
> > provide to the public subscribers..depth is only available to brokers
> >
> > Iguana (developers of stockscape, access brokerage, stockwatch.co.nz etc
> > etc) have approached the NZSE many times over the last 4 years to try and
> > obtain this information..
> >
> > They refuse to budge..They are the only exchange in the world (as far as i
> >
> > know) who do not disclose this info..
> >
> > The NZSE have to start moving with the times.. even the ASX who are
> > renowned for being the most belligerent exchange in the world allow depth
> > and charge a lot less for their market information...
> >
> > Time for the NZSE to wake up and start to promote the market rather than
> > hinder it..
> >
> >
> >
> > Adam Rands
> > Iguana Information Services
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > At 10:56 AM 11/1/99 +1300, you wrote:
> > >Hi there,
> > >
> > >I was wondering if a member of the NZSE would be able to shed some light
> > >on why market depth information is only available for NZSE members?
> > >
> > >Obviously this is valuable info, enabling members to trade at a
> > >significant advantage over the general public... do regulations prevent
> > >them posting this info online, or is it just the cost of providing this
> > >service?
> > >But given that Stockscape (at Direct Broking) is fully automated, I would
> >
> > >have assumed it wasn't a major technological challenge...
> > >
> > >Thoughts?
> > >
> > >
> > >Phil Williams
> > >Animation Design
> > >Hyperactive New Media
> > >Wellignton, NZ
> > >p +64 8019550
> > >f +64 8019560
> > >
> > >
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> >
> >
> >
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