Securities trading - New Zealand
Key market-tradable securities
| Denomination currency | Maturity profile | Interest rate | Interest/Dividend payment frequency | Place of settlement | Form |
| NZX listed securities | |||||
| Government bonds (including inflation-indexed bonds) | |||||
| NZD | 4 to 12 years (up to 21 years for inflation-indexed bonds) | Fixed | Semi-annual or quarterly (inflation indexed bonds) | NZCSD | Dematerialised |
| Corporate listed bonds and notes (including convertible notes) | |||||
| NZD | Usually 3 to 10 years (some perpetuals) | Usually fixed | Semi-annual or quarterly | NZCSD | Dematerialised |
| Equities and equity products (including NZX listed trust units and fund units) | |||||
| NZD a | - | - | Usually semi-annual | NZCSD | Dematerialised |
| Rights and warrants | |||||
| NZD | Various | - | - | NZCSD | Dematerialised |
| Unlisted debt securities | |||||
| Government Treasury bills | |||||
| NZD | 1 month to 1 year | Discount | - | NZCSD | Dematerialised |
| Corporate unlisted bonds | |||||
| NZD | Usually 3 to 10 years | Usually fixed | Semi-annual or quarterly | NZCSD | Dematerialised |
a. Some foreign company shares are denominated in other currencies.
Trading platforms
NZX launched the X-stream trading platform in October 2012 based on the NASDAQ OMX platform. The trading system is available to accredited NZX Market Participants or - through Direct Market Access (DMA) agreements - to their authorised clients within and outside of New Zealand. Electronic trading is fully automated and occurs during one continuous trading session.