Following consultation with market participants about readiness for NZXs Equity Derivatives service, NZX today announces a revised target launch date for its Equity Derivatives of 1 May 2013.
The previously communicated 1 March 2013 launch date has been extended to ensure market readiness of all participants both in connectivity and clearing, ensuring maximum participation in these products from the launch day.
NZX continues to work closely with market participants in all aspects of the development of these derivative contracts and look forward to a successful mid-year launch.
Proposed timetable
1 May 2013 Index futures launch
3 June 2013 Equity options launch