NZX50 reaction to election results

[snapiti]

There is still a lot of people that this will appeal too.  Will be interesting to see what Labour will do.

what do you mean by "appeal"
Pretty sure the Greens tax policy will see extra donations going into Act and National accounts

[Basil]

There's a lot of selfish voters around Snapper who vote in a way that they perceive is in the best interest of their own wallet.  Robin Hood was popular because he stole from the rich and gave to the poor.  There will always be more poor people than rich people.

[Waltzing]

This is true and this pretty stark scene comes to mind...

https://www.youtube.com/watch?v=LtFyP0qy9XU

[snapiti]

There's a lot of selfish voters around Snapper who vote in a way that they perceive is in the best interest of their own wallet.  Robin Hood was popular because he stole from the rich and gave to the poor.  There will always be more poor people than rich people.

Totally agree with this....that being said there is a very good chance this election we will have a LABOUR GREEN government.

[Breezy]

Totally agree with this....that being said there is a very good chance this election we will have a LABOUR GREEN government.

A chance for sure but not a very good chance, chance they are nearing the end of their time in power and the winds of change have started blowing.

[Waltzing]

NZX pushing for change and notice this GOVT has had 2 terms to do something for markets and ?

https://www.nzherald.co.nz/business/capital-markets-mark-peterson-election-2023-nzxs-must-do-list-time-to-revisit-rules-of-the-game/DA4U7Z5QD5BIJIW2OPBJJRKGIQ/

[Teitei]

NZX pushing for change and notice this GOVT has had 2 terms to do something for markets and ?

https://www.nzherald.co.nz/business/capital-markets-mark-peterson-election-2023-nzxs-must-do-list-time-to-revisit-rules-of-the-game/DA4U7Z5QD5BIJIW2OPBJJRKGIQ/

Big yawn.

NZX is a gutted entity with no clue on how to revitalise a shrinking exchange. 

That can be attributed to the feather nesting and profiteering under Mark Weldon who completely abused the monopolistic nature of NZX by hiking up charges on all fronts while reducing services.

In the process, he and supporting shareholders (like Forbar and Milford) made huge gains in the short term but destroyed the long term future of NZX and along with that, NZ's capital market vibrancy.

NZX can start to recover by reducing charges and apologising for the blatant profiteering still very much in evidence.

 

[Waltzing]

Same can be said for the Banking industry with no innovation in developing the Transaction API HUBS.

NZX needs to reduce costs and stock brokers like DB broking Jardens need to completely upgrade the transaction services and reporting.

Most of the development will have been in security on the old platforms.

No third party follow on services are provided for certificated data feeds  with a reasonable cost from the brokers or the NZX.

The data feed costs are very very high.

The banks offering nothing much.

[KW]

NZX needs to reduce costs 

No third party follow on services are provided for certificated data feeds  with a reasonable cost from the brokers or the NZX.

The data feed costs are very very high.

That is the reason why Interactive Brokers, one of the biggest non-wall st bank broking platforms in the world offers access to 76 global exchanges, and the NZX is not one of them.  Even the biggest retail platform in Australia (Commonwealth Securities) does not offer access to NZX stocks, and it owns ASB!  If you block investors from trading on an exchange, how on earth do you expect to improve liquidity and support for companies who want to list on it?  Zero wonder as to why most of them end up decamping to the ASX if they want to grow.    

[Teitei]

That is the reason why Interactive Brokers, one of the biggest non-wall st bank broking platforms in the world offers access to 76 global exchanges, and the NZX is not one of them.  Even the biggest retail platform in Australia (Commonwealth Securities) does not offer access to NZX stocks, and it owns ASB!  If you block investors from trading on an exchange, how on earth do you expect to improve liquidity and support for companies who want to list on it?  Zero wonder as to why most of them end up decamping to the ASX if they want to grow.   

Explaining as well why only dogs with fleas like MFB lists on NZX.

[Breezy]

For all its faults the NZX is still a relatively clean market compared to overseas markets in terms of trading manipulation although it is deteriorating, the ASX regulators turn a blind eye to blatant/obvious manipulation of stocks like A2 which has been seriously controlled by Insto bot trading for a long time now, no humans need apply and retail punters are just plebs in the game.

[Teitei]

For all its faults the NZX is still a relatively clean market compared to overseas markets in terms of trading manipulation although it is deteriorating, the ASX regulators turn a blind eye to blatant/obvious manipulation of stocks like A2 which has been seriously controlled by Insto bot trading for a long time now, no humans need apply and retail punters are just plebs in the game.

Clean?

The MFB IPO is the best example of just how unclean the NZX is and why it is a regressing and declining exchange.

[Breezy]

Clean?

The MFB IPO is the best example of just how unclean the NZX is and why it is a regressing and declining exchange.

I said relatively clean by comparison overall which it is, dual listed stocks like A2 and FPH have become heavily manipulated over the last few years since they become dual listed and I have many thousands of hours of close observation and involement to prove it.

[Teitei]

I said relatively clean by comparison overall which it is, dual listed stocks like A2 and FPH have become heavily manipulated over the last few years since they become dual listed and I have many thousands of hours of close observation and involement to prove it.

In which case you must report it to the ASX, and CC to AFR.

[Breezy]

In which case you must report it to the ASX, and CC to AFR.

There are different rules for the plebs and Instos, its all about the money and they turn a blind eye to the latter no matter who reports it and plenty have.