NZ exchange seeks scale through strategic alliances

NZX Limited
Level 1, NZX Centre
11 Cable Street
PO Box 2959
Wellington 6140
New Zealand
Tel +64 4 472 7599

www.nzx.com

www.nzx.com 1 of 1
9 March 2018

New Zealand’s exchange seeks scale through strategic alliances with
global peers

NZX provides a further update on its refreshed strategy and delivery plans, announcing its
intention to progress strategic alliances with global exchanges in order to increase its
connectivity and global scale.

The exchange completed a comprehensive review of its business in 2017. This resulted in a
fundamental reset of its organisation as New Zealand’s exchange renewed its focus on the core
markets division and the customer.

NZX is today building on this work implementing an initiative which will formally connect New
Zealand’s exchange with its global peers via a series of strategic alliances. While in its early
stages, these alliances will create an increasingly compelling service offering for NZX’s current
and prospective customers, particularly those seeking to access new markets and capital pools.
It will also broaden the local market’s product offering for New Zealand investors.

Alliances with global exchanges are intended to have several layers starting with the mutual
recognition of each markets listed regulatory regime; the promotion of market development
initiatives across a range of areas including derivatives products, dual and secondary listings,
exchange traded funds and investor participation; and then progress towards connecting trading
and clearing systems to offer a seamless experience for customers.

NZX Chairman James Miller commented: “This is a major step for New Zealand’s exchange. As
part of the development of our strategy we are committed to expanding the reach and
connection of the New Zealand market, and to providing our current and prospective customers
with greater options and benefits. We believe that breaking away from the regional stock
exchange model, and creating a network of global exchange alliances is important in achieving
this.”

“NZX has the ability to play a meaningful role in facilitating easy access with global exchanges,
which will deliver value for our customers and increase New Zealand’s presence and relevance
in global markets,” Mr Miller commented.

The Memorandum of Understanding NZX signed with the Hong Kong Exchanges and Clearing
Limited in January, and the Singapore Exchange earlier this week reinforce New Zealand’s
close trading relationship with Asia. NZX is keen to further develop connectivity with New
Zealand’s trading partners.

For further information please contact:
Hannah Lynch
Head of Communications
T: 09 308 3710
M: 021 252 8990
E: hannah.lynch@nzx.com