Sydney Futures Exchange to introduce New Zealand equity derivatives

The Sydney Futures Exchange (SFE) has signed an agreement with the New Zealand Exchange (NZX) to develop New Zealand equity derivatives to be listed on the SFE by March 2004.

The exchanges will start working on equity index futures and futures options contracts, as well as individual equity options. The agreement also gives the exchanges the opportunity to work on derivatives on other securities in the future.

“We believe the deal with the SFE will provide NZX, and the local investment community, with the most cost-effective access to derivatives products,” said Mark Weldon, chief executive of NZX, in a statement.

Volumes on the SFE reached record highs this month, with 651,178 futures and options traded on September 11 and 112,343 contracts traded overnight on September 12.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here