RTM
14-10-2016, 10:15 AM
Saw below in Brian Gaynor's evidence in Mark Warminger market manipulation trial.
http://www.sharechat.co.nz/article/ec3c7971/milford-s-warminger-given-negative-performance-review-after-fma-inquiry-court-told.html
"The New Zealand sharemarket was unusual compared to others around the world, he said, because a high proportion – 65 percent and 70 percent daily – of trades are done by off-market negotiation rather than electronically. In yesterday’s trading, for example, there was $127 million of trades of which 68 percent were done off market, he said. "
Seems like a really high percentage. Makes me wonder about how much of a market the NZX really is when such a high percentage of the sales are off-market. Look forward to your comments.
Cheers
RTM
http://www.sharechat.co.nz/article/ec3c7971/milford-s-warminger-given-negative-performance-review-after-fma-inquiry-court-told.html
"The New Zealand sharemarket was unusual compared to others around the world, he said, because a high proportion – 65 percent and 70 percent daily – of trades are done by off-market negotiation rather than electronically. In yesterday’s trading, for example, there was $127 million of trades of which 68 percent were done off market, he said. "
Seems like a really high percentage. Makes me wonder about how much of a market the NZX really is when such a high percentage of the sales are off-market. Look forward to your comments.
Cheers
RTM