Forum Archive Index - July 2000

["Graeme Christie" <bayvu@ihug.co.nz>]

The NZSE board will be under considerable pressure from brokers to maintain
their competitive advantage so far as market depth, extended trading  times
and pricing in fractions of a cent (we can only trade in fractions of a cent
under 20c as far as I know). Ben can confirm this, but I bet there aren't
too many brokers signing the petition! A new board might address the problem
to our advantage. It's a nuisance having to check depth all the time and I
can tell the brokers find it tedious..... Cheers
----- Original Message -----
From: "Adam Rands" <adam@iguana.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Friday, July 28, 2000 10:59 AM
Subject: [sharechat] Market Depth Peition + STP


> With straight thru processing (STP) eminent in the NZ market (within 3
> months) it is imperative that the end user is provided access to market
> depth.
>
> How can they (NZSE) expect an investor to place an order and have it
> executed (via STP) without displaying the market depth to the user.
>
> By not supplying depth in the STP environment will distort the market and
> cause very short term fluctuations as NET based investors blindly enter
and
> exit the market. This enviably will end up costing you, the small time
> investor.
>
> Rumor has it that even with STP being introduced the NZSE appear to remain
> steadfast on their decision not to publish the depth to the wider
investment
> community. (outside a brokers office)
>
> Whilst the petition is an admirably idea (every one should complete) i am
> not confident that the NZSE will be supplying depth within the foreseeable
> future or until a change of management/board occurs.
>
> Cheers
>
>
>
>
>
>
>
>
>
>
> -----Original Message-----
> From: Ben Dutton <bendutton@sharechat.co.nz>
> To: sharechat@sharechat.co.nz <sharechat@sharechat.co.nz>
> Date: Friday, July 28, 2000 7:41 AM
> Subject: [sharechat] Last chance to fill out Market Depth Peition
>
>
> >Hi everyone,
> >
> >Today is your last chance to fill out the Market Depth Petition on
> >ShareChat.  If you haven't already, and you'd like to add your name to
the
> >petition, please go to
> >
> >http://www.sharechat.co.nz/survey/
> >
> >I'm printing off all the responses and sending them to the NZSE later
> today.
> >
> >Best Regards,
> >
> >Benjamin Dutton
> >
> >
>
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