NZX will adjust the NZ milk price options minimum exercise price intervals to
NZD 5 cents from NZD 10 cents, effective 8 March 2018.
The change will allow traders in NZX''s dairy derivatives market to price
structured options more accurately, and increase the amount of listed strikes
as liquidity grows. This increased functionality supports the exchange''s
strategic commitment to accelerate growth in its dairy derivatives market, as
outlined in its recent strategy.
The change follows regulatory approval from the Financial Markets Authority.
Amended contract specifications can be found at the link below:
www.nzx.com/Derivatives/market_information
For further information please contact:
Hannah Lynch
Head of Communications
T: 09 308 3710
M: 021 252 8990
E: hannah.lynch@nzx.com
End CA:00313803 For:NZX Type:MKTUPDTE Time:2018-02-07 08:33:34