NZX to launch Global Skim Milk Powder (SMP) Option contract
NZX Limited
Level 1, NZX Centre
11 Cable Street
PO Box 2959
Wellington 6140
New Zealand
Tel +64 4 472 7599
www.nzx.com
30 October 2017
NZX to launch Global Skim Milk Powder (SMP) Option contract
NZX advises it will launch a Global Skim Milk Powder (SMP) Option contract on Monday 4
December 2017. This follows all regulatory requirements being met, including approval of the
contract specification from the Financial Markets Authority.
The contract is being launched in response to growing trading volumes in NZX’s SMP Futures
market, which are up 113% this year, and demand from the broader market as interest in NZX’s
suite of dairy risk management tools increases.
NZX Head of Derivatives Nick Morris commented: “NZX is continually looking to expand its
product offering in response to customer feedback, the addition of a Global Skim Milk Powder
Option contract will provide traders in our global market with another tool to help manage
volatility in dairy commodity prices.“
The SMP Option contract will be settled to the underlying NZX SMP Futures contract,
specifications can be found here: nzx.com/Derivatives/market_information
Quote vendor codes, exchange fees, starting prices, and all other details pertaining to the first
trading day will be released to the market shortly.
All parties will be required to trade through an NZX Derivatives Participant (a broker). To view a
list of accredited NZX Derivatives Participants, please visit: nzxfutures.com/access
To learn more about NZX Derivatives contracts please visit: nzxfutures.com
For further information please contact:
Hannah Lynch
Head of Communications
T: 09 308 3710
M: 021 252 8990
E: hannah.lynch@nzx.com
About NZX Limited
NZX builds and operates capital, risk and commodity markets and the infrastructure required to
support them. We provide high quality information, data and tools to support business decision
making. We aim to make a meaningful difference to wealth creation for our shareholders and
the individuals, businesses and economies in the countries in which we operate. To learn more
about NZX please visit: www.nzxgroup.com
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
Other issuers discussed similar conditions around this time
Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.
- FCG — Fonterra Co-operative Group Limited: Global Dairy Update December 20172017-12-20
“13 AMF Anhydrous Milk Fat. BMP Butter Milk Powder. DIRA Dairy Industry Restructuring Act 2001 (New Zealand). Farmgate Milk Price The price for milk supplied in New Zealand to Fonterra by farmer shareholders. Fluid and Fresh Dairy The Fonterra grouping of fluid milk products…”
- FSF — Fonterra Shareholders' Fund: Global Dairy Update December 20172017-12-20
“13 AMF Anhydrous Milk Fat. BMP Butter Milk Powder. DIRA Dairy Industry Restructuring Act 2001 (New Zealand). Farmgate Milk Price The price for milk supplied in New Zealand to Fonterra by farmer shareholders. Fluid and Fresh Dairy The Fonterra grouping of fluid milk products…”
- FSF — Fonterra Shareholders' Fund: Global Dairy Update November 20172017-11-20
“11 AMF Anhydrous Milk Fat. BMP Butter Milk Powder. DIRA Dairy Industry Restructuring Act 2001 (New Zealand). Farmgate Milk Price The price for milk supplied in New Zealand to Fonterra by farmer shareholders. Fluid and Fresh Dairy The Fonterra grouping of fluid milk products…”