Forum Archive Index - February 2001

["George Hill" <ghill@buzzavox.com>]

Thanks very much Sarah, for a clear and concise explanation!

-----Original Message-----
From: owner-sharechat@sharechat.co.nz
[mailto:owner-sharechat@sharechat.co.nz]On Behalf Of Sarah Corkill
Sent: Friday, 16 February 2001 9:53 p.m.
To: ghill@buzzavox.com
Cc: sharechat@sharechat.co.nz
Subject: Re: [sharechat] A Novice's Question


Hi George,

The NZSE hours are as follows:

8.30am Pre Opening
During this time a trader can add, amend or remove orders
If a broking firm has traded any NZ listed shares (ie Telecom) on an
overseas market (ie ADR market in the US) then these trades must reported
to the market during this time.  This is why you may see trades reported
outside the quotes during this time.

9.30am Trading opens

3.30pm Trading closes
After the market closes a trader can still trade by phoning (or using the
message facility on the trading screens) to trade with other brokers and
report trades up until 4pm.  These trades must be 'within the quotes'.
So if the closing quotes for TEL is 5.40/5.55 any trades done between
3.30-4pm must be done between this price.

All the NZSE Rules & Regulations regarding trading can be found in the
Members Manual which you can ask to view at any brokers office.  This is
just a brief outline.  If you have any further questions - please ask.

Kind regards,

Sarah Corkill


----- Original Message -----
From: "George Hill" <ghill@buzzavox.com>
To: "Sharechat" <sharechat@sharechat.co.nz>
Sent: Friday, February 16, 2001 8:59 AM
Subject: [sharechat] A Novice's Question


Could someone please explain the signficance of the 3.30pm trading
deadline on the NZSE. Out of curiosity, I went to the
www.stocknessmonster.com site yesterday and noticed trades in Telecom
shares after 3.30pm. What are these trades? And how can they occur after
3.30pm?

Many thanks for your patience
George Hill


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