Forum Archive Index - September 2000

["Tony Haddon" <haddon@E3.net.nz>]

NZSE staffers are a lot more switched on it seems than their masters...a private response to my AQL query below was most appreciated, and in direct contrast to the response I have been conditioned to expect from queries addressed to the exchange...ie that cancelled NOG trade last Wednesday, and a letter re market depth to Eion Edgar a good part of a year ago...

 

Market depth..I believe that to date there has been no response to Sharechat's petition. According to recent press reports the NZSE has all systems in place to introduce a form of straight through trading, but this has been placed on hold amidst the rumblings of market merger. The NZSE has previously stated that the provision of market depth data is an obvious necessity for those placing their own orders directly into the market. It follows therefore that if management has worked through the process of straight through trading with Exchange member firms, then these deliberations will have included the issue of providing market depth data. Likewise a merger with the ASX will almost certainly result in NZ depth being available via the internet.

 

I am hoping a diligent staffer brings this post to the attention of managment, and I am relying on the new Chairman of the Board making a much better fist of his PR than did the previous incumbent.

 

regards    Tony Haddon