NZX to operate Fonterra shareholders' market
NZX chief executive Mark Weldon said the Fonterra market will be operated independently from other securities markets NZX operates.
NZX is to operate the Fonterra shareholders' market as part of the co-op's trading among farmers scheme.
The Fonterra shareholders’ market is the private market where Fonterra farmer shareholders can trade Fonterra shares among themselves, as part of the planned trading among farmers regime to be launched in November this year.
NZX chief executive Mark Weldon said the Fonterra market will be operated independently from other securities markets NZX operates.
The stock exchange operator's role with the market will be similar to its operation of the wholesale electricity market it operates on behalf of the Electricity Authority.
It will provide a suite of trading, clearing, settlement, surveillance, regulatory and other reporting services to Fonterra.
The currency for the market will be New Zealand dollars.
Colin Williscroft
Fri, 10 Feb 2012
Fri, 10 Feb 2012
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NZX to operate Fonterra shareholders' market
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