NZX Accredits Iguana2 To Distribute Market Depth

New Zealand Exchange Limited (NZX) wishes to announce that Iguana2 Pty Ltd has been accredited to provide market depth to all participants in the New Zealand capital markets.

"We're very pleased to support the entry of an additional provider of market depth in the New Zealand markets," said Adrienne Quinn, NZX Data Vendor Manager. "Iguana2 is a key data vendor in New Zealand and their ability to offer depth gives investors access to more quality information."

Iguana2 will be able to offer access to market depth to NZX Firms and other interested parties in the financial markets both here and overseas.

Market depth allows investors to view the detailed range of bids and offers for securities offered on the NZSX, NZAX and NZDX markets.

NZX has developed a new formal accreditation process for independent software and data vendors which will ensure that the integrity of NZX IT systems is maintained and that the highest standards are met. The new system is based on international precedents and Iguana2 is the first independent data vendor to be accredited for market depth using this new process.