NZX Overhauls Vendor Contracts

FRONT PAGE: EXCHANGE WATCH

About half of the 21 vendors that distribute market data from the New Zealand Stock Exchange (NZX) have signed a revised data licensing agreement (DLA) with the exchange. The rest are expected to follow in the next three weeks, according to an exchange spokesperson.

The DLA has been revamped to bring the exchange into line with international standards, the spokesperson says.

In particular, NZX can now alter sections of the contract without having to draw up an entirely new agreement. This has

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