NZX Indices has today released a consultation document relating to the Methodology used for its headline NZX50 and NZX10 equity indices.
This is the first major review of the equity indices Methodology since 2003, and has been prompted by significant historic, and planned, changes in the New Zealand market.
The consultation document focuses on the upweight and downweight and liquidity rules for the NZX50 Index, as well as addressing the weighting rules for the NZX10 Index.
The consultation document also outlines a proposed new index, the NZX20, which would be used as the underlying for an index futures contract proposed for establishment by NZX in 2012.
NZX Indices has been discussing some of these concepts with the market in preparation for this consultation, and considers there is strong appetite for reconsidering these index rules.
The impact of any final change will be wide, so it is important that all interested parties take the opportunity to participate in this consultation. We look forward to engaging with interested parties about the proposals in the document, to ensure that any changes determined best meet the needs of our market.
NZX Indices welcomes feedback to data@nzx.com by 4.00pm on Thursday 9 February 2012.
ENDS
