NZX Initiates Dairy Futures and Options Contracts
Posted: Tue Apr 05, 2016 10:03 am
The New Zealand Exchange (NZX) has received approval from the country’s Financial Markets Authority (FMA) and the Reserve Bank of New Zealand to implement and offer its proposed milk price futures and options contracts, which are slated for launch next month, according to an NZX statement.
The NZX represents NZ’s largest capital markets issuer and listing entity, with its latest futures and options contracts designed to tap into one of the largest components of the antipodean economy. The release of the new instruments comes on the heels of a growing demand from producers and purchasers of milk products aiming to better ... (read more)