10 Feb 2012

NZX to run Fonterra share market

11:28 am on 10 February 2012

Fonterra has confirmed that the New Zealand Stock Exchange will run its new farmer shareholders market from November this year.

NZX will provide the Fonterra Shareholders Market with trading, clearing, settlement, surveillance and regulatory services.

Fonterra says it has the option of creating a trading market on its own, but decided to go with the expertise offered by the NZX.

Commercial terms of the deal are still being worked out, but Fonterra will be charged a flat license fee by NZX.