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RE: [sharechat] Market depth...

From:	Stuart Cairns <stuart.c@dfmainland.co.nz>
Date:	Mon, 1 Nov 1999 11:27:58 +1300

Hi Phil
The NZSE does not currently permit resale of the data feed for depth on the 
NZ market to other than NZSE members. I am sure they are reviewing this 
policy in line with other policies to allow seamless processing.It is 
certainly not a major technological challenge.

www.dfmtrade.com also provide 1 hour delayed announcements for registered 
clients, there is a cost from the NZSE for live announcements but they are 
available.

Stuart H. Cairns
email ; stuart.c@dfmtrade.com
tel 64+9+307 9066 fax 64+9+307 9061
Follow Bluehorseshoe's investment trading ideas
for the New Zealand stockmarket
http://www.dfmtrade.com


-----Original Message-----
From:   Phil Williams [SMTP:philw@hyperactive.co.nz]
Sent:   Monday, 1 November 1999 10:56
To:     sharechat
Subject:        [sharechat] Market depth...

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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