(Reuters) - New Zealand bourse operator NZX Ltd (NZ:NZX) said on Wednesday it will implement changes to its trading and clearing pricing structure from October.
The new pricing structure will remove the current NZ$1.31 per-trade fixed fee and move to a fully variable or value-based fee structure, the company said in a statement.
The company had consulted several parties in April to review purported pricing, pricing and technology changes. It said today that certain policy changes and technology will also be introduced, including a minimum crossing size for trading on its main board.
It added that it would increase the functionality of its trading system, X-Stream, which would enable dealers to report off-market trades with increased precision.
The company logged a 28 percent year-on-year fall in its daily average value traded in July.