June 26, 2017 / 10:02 PM / in 6 months

NZX mulls consolidating its markets into one exchange

WELLINGTON, June 27 (Reuters) - New Zealand’s stock exchange NZX said on Tuesday that it was planning to carry out a review that would likely result in merging its three equity markets into one.

NZX said in a statement that its exchanges aimed at smaller companies - NXT and NZAX - were not meeting the needs of those firms and should be combined with its key market - NZSX - into a single board.

The provider would start its formal review and consult with companies in the third quarter of 2017, but did not say when a final decision would be made. (Reporting by Charlotte Greenfield, editing by G Crosse)

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