The New Zealand Exchange (NZX) announced today that it has agreed terms with Macquarie Equities New Zealand Limited (MENZ) to provide its NZX Wealth Technologies (NZXWT) platform to MENZ.
Under the agreement NZXWT will provide platform technologies, custody and administration services to MENZ and is the second significant customer signing by NZXWT in this quarter.
NZX CEO Tim Bennett commented: “The signing of Macquarie Equities New Zealand as a NZX Wealth Technologies client is another key milestone as we deliver on our funds services strategy, and our mission to provide market leading industry infrastructure.”
We’re delighted to partner with NZX to improve the investment platform, custody and administration services we provide our clients.
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“We’ve made a substantial investment into NZX’s funds services business to gain exposure to a higher growth sector of the industry than our traditional markets business. The signing of Macquarie Equities New Zealand is another key plank in our strategy as we successfully move into this sector.”
NZX builds and operates capital, risk and commodity markets and the infrastructure required to support them and provides high quality information, data and tools to support business decision making.
Amongst its prinicipal activities, the exchange is a licensed market operator and regulator of securities and derivatives markets and provider of trading, post-trade and data services for securities and derivatives, as well as the provider of a central securities depository.
MENZ Executive Director Warren Couillault commented: “We’re delighted to partner with NZX to improve the investment platform, custody and administration services we provide our clients. In addition, the improved technology enables us to extend our offering to include enhanced banking and broking services as well as real-time reporting, in a single integrated platform designed specifically for our clients.”
Finance Magnates last reported on NZX in June after it announced the launch date of its milk price options contracts, shortly after the release of its milk price futures contracts.