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WELLINGTON, June 27 (Reuters) - New Zealand's stock exchange...

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    27/06/17
    08:30
    Post #: 25505253

    WELLINGTON, June 27 (Reuters) - New Zealand's stock exchange NZX (NZX) said on Tuesday that it was planning to carry out a review that would likely result in merging its three equity markets into one.

    NZX said in a statement that its exchanges aimed at smaller companies - NXT and NZAX - were not meeting the needs of those firms and should be combined with its key market - NZSX - into a single board.

    The provider would start its formal review and consult with companies in the third quarter of 2017, but did not say when a final decision would be made.

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