Reuters to distribute NZX market depth

28 April 2005, Wellington, New Zealand – New Zealand Exchange Limited (NZX) is pleased to announce that Reuters will be making available Market Depth to all of it’s subscribers of NZX Market information, from today.

Market Depth provides Reuters subscribers the ability to view New Zealand equities prices, buy sell orders and quantities, ranked on a price/time basis.

"NZX is very excited to see the entry of Reuters as a global provider of NZX market depth," said Adrienne Quinn, NZX Participant Relations Manager.

"Reuters is one of the world’s leading providers of content, analytics and trading capabilities. Their ability to offer depth gives international investors access to richer information on NZX markets. In time, we hope this will result in improved order flow and liquidity into the New Zealand market."

Reuters will be offering free access to NZX Market Depth until 30 June 2005, to all global clients who are currently subscribing to live NZX data, after which the appropriate exchange levies will apply for those wishing to retain access to this data.

Diccon Close, Managing Director, Reuters Pacific said "Reuters is pleased to be the first global information company to carry NZX Market Depth. The launch of this enhanced equities market data on Reuters 3000 Xtra desktop represents another investment in our equities service, underlining our commitment to providing unrivalled breadth and depth of our content to our customers world-wide."

The provision of Market Depth by Reuters, along with the growth in Direct Market Access and recent additions to the NZX Participant base, forms the core of NZX’s strategy to build and strengthen the liquidity and participation in NZX markets.

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