Products
NZX operates three main markets:
- New Zealand Stock Market (NZSX), the premier equities market;
- New Zealand Alternative Market (NZAX), for smaller and growing companies; and
- New Zealand Debt Market (NZDX), for corporate and government bonds and fixed-income securities.
In addition the NZX is currently developing NZFOX, a trading facility for futures and options contracts based on NZ listed securities.
NZX has three subsidiary companies. Smartshares offers a range of exchange-traded funds as well as a KiwiSaver scheme called Smartkiwi, Link Market Services (of which NZX owns 50%) offers share registry and related services and Agri-Fax offers commercial data services relating to New Zealand agricultural products.
Read more about this topic: New Zealand Exchange
Famous quotes containing the word products:
“The reality is that zero defects in products plus zero pollution plus zero risk on the job is equivalent to maximum growth of government plus zero economic growth plus runaway inflation.”
—Dixie Lee Ray (b. 1924)
“All that is told of the sea has a fabulous sound to an inhabitant of the land, and all its products have a certain fabulous quality, as if they belonged to another planet, from seaweed to a sailor’s yarn, or a fish story. In this element the animal and vegetable kingdoms meet and are strangely mingled.”
—Henry David Thoreau (1817–1862)
“We are the products of editing, rather than of authorship.”
—George Wald (b. 1906)