NZX Explores Clearing to Combat Glitches
EXCHANGE TECHNOLOGIES
WELLINGTON, N.Z.--The New Zealand Stock Exchange (NZX) is proposing the implementation of a new clearing system in an effort to reduce the downtime that results from technical problems.
Market participants have been given until April 8 to submit comments on a consultation paper that outlines the exchange’s plans to switch to the new Central Clearing House (CCH) system.
"The current on-register system is structurally flawed as it creates many more points of susceptibility, potential failure and
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