NZSX is the main equities exchange in New Zealand. It facilitates trading of securities of the majority of New Zealand's listed companies and also a number of overseas listed companies.
Currency: New Zealand Dollar (NZD)
The NZSX trading day includes various sessions, including but not limited to:
The sessions and scheduled times for each during a trading day are announced from time to time by NZX.
During a Pre-Opening Session:
During an Opening Order Match:
During a Pre-Close Session:
Orders are matched in price-time priority. If orders in the pre-close session result in overlapping prices at the commencement of the NZSX close period, the system will match orders and establish prices according to procedures determined from time to time by NZX.
1. Pre-Close Session (16:45 - 17:00)
2. NZSX Close (17:00)
Order Types: Limit order with TIF set to DAY and Market order with TIF set to DAY.
During the Adjust Session:
During an Enquiry Session:
For more information on the rules governing the New Zealand Stock Exchange, see the Participant Rules page.
The Financial Markets Authority (FMA) is responsible for overseeing exchanges and regulating financial advisors, financial service providers, trustees, and auditors. Its objectives are to promote and facilitate the development of fair, efficient, and transparent financial markets.