NZX Sees Revenues Fall, Plans New Initiatives for 2005

EXCHANGE WATCH

Information revenues for the New Zealand Stock Exchange fell by 2.6 percent to NZ$681,000 in the first quarter of 2005, compared to the same period last year, officials said.

Carl Daucher, head of finance and strategy, attributes the decline to one-off requests for products.

"The fall in revenue was not attributable to our core revenue strengths of royalty or license fees," he tells Inside Market Data. "The dip was more attributable to one-off requests for custom products that were sold in the

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