Forum Archive Index - July 2000

["Adam Rands" <adam@iguana.co.nz>]

With straight thru processing (STP) eminent in the NZ market (within 3
months) it is imperative that the end user is provided access to market
depth.

How can they (NZSE) expect an investor to place an order and have it
executed (via STP) without displaying the market depth to the user.

By not supplying depth in the STP environment will distort the market and
cause very short term fluctuations as NET based investors blindly enter and
exit the market. This enviably will end up costing you, the small time
investor.

Rumor has it that even with STP being introduced the NZSE appear to remain
steadfast on their decision not to publish the depth to the wider investment
community. (outside a brokers office)

Whilst the petition is an admirably idea (every one should complete) i am
not confident that the NZSE will be supplying depth within the foreseeable
future or until a change of management/board occurs.

Cheers










-----Original Message-----
From: Ben Dutton <bendutton@sharechat.co.nz>
To: sharechat@sharechat.co.nz <sharechat@sharechat.co.nz>
Date: Friday, July 28, 2000 7:41 AM
Subject: [sharechat] Last chance to fill out Market Depth Peition


>Hi everyone,
>
>Today is your last chance to fill out the Market Depth Petition on
>ShareChat.  If you haven't already, and you'd like to add your name to the
>petition, please go to
>
>http://www.sharechat.co.nz/survey/
>
>I'm printing off all the responses and sending them to the NZSE later
today.
>
>Best Regards,
>
>Benjamin Dutton
>
>
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