Who We Are
NZX Markets Business
The NZX Capital Markets (NZSX, NZAX and NZDX) form a diverse offering for companies wishing to raise growth capital and investors looking for secure and liquid investment opportunities.
NZX Data provides real-time, delayed, end of day and historical data to customers generated by trading activity on NZX's markets. NZX Data is available directly from NZX or through licensed Data Distributors. The diverse NZX Data arm also includes a set of agricultural businesses, NZX Agrifax , Dairy Week and ProFarmer Australia, managed fund rating and research business FundSource, Company Research Centre which offers packaged data solutions for comprehensive New Zealand listed company research, and NewsRoom, a breaking newswire and archive service. NZX is an infrastructure, information and service provider right across the market spectrum. NZX's expansion has been through the acquisition of businesses and strategic investments that are aligned with core business purpose.
NZX Subsidiaries
Smartshares manages five passive funds that track the NZX 50 Portfolio Index, NZX 10 Index, NZX MidCap Index, Australian S&P/ASX MidCap 50 Index and the S&P/ASX 20 Index. Smartshares also manages funds for wholesale clients and runs three SmartKiwi funds with conservative, balanced and growth investment options for KiwiSaver investors.
TZ1 Market will offer a regulated marketplace for trading, clearing, settling, retiring and accounting for authenticated compliance and voluntary carbon credits. The TZ1 Carbon Registry supports transacting in high quality voluntary carbon credits and through a credible, externally audited retirement facility, enables companies to retire those credits permanently. Most recently, TZ1 was selected as a global registry for the Voluntary Carbon Standard (VCS) and as sole global registry for the Social Carbon Company.
NZX Strategic Investments
Link Market Services is a 50:50 joint venture company between NZX and Link Market Services Australia (owned by Pacific Equity Partners). Link provides a full range of registry services for both listed and unlisted issuers. Link now has approximately 30% of the New Zealand registry business by number of issuers. In 2007 Link captured approximately 40% of IPOs by number.
AXE ECN - NZX Limited (NZX), Citigroup, CommSec, Goldman Sachs JBWere, Macquarie Bank and Merrill Lynch are signatories to a shareholders' agreement, incorporating a company to launch a new Australian ECN (Electronic Communications Network).
ECNs are high-speed, low-cost platforms that separate listing from trading functions and are already available in most leading global markets. The introduction of competition in other jurisdictions has led to improved liquidity, lowered costs and competitive responses from the incumbent exchanges.
Appello is a start-up fund management services business which provides a set of fully electronic administrative and compliance services for New Zealand and Australian fund managers. Appello was established in response to the increasingly complex technology needs of fund managers (including those created by the PIE tax regime).
Bond Exchange of South Africa (BESA) is an independent, licensed exchange operating in the South African capital market. NZX made a $5.57 million investment in BESA in October 2008, and is now the largest BESA shareholder, with 22% of the total issued capital and two seats on the BESA board.
