BT and NZX today announced that the New Zealand market operator’s trading and market data services will now be accessible to members of the BT Radianz Cloud community. Responding to increased demand from domestic and international markets, this move will make it easier and faster for global investors to access NZX services.
David Godfrey, Head of IT at NZX, commented: “Growing interest in NZX’s equity markets and dairy derivatives meant we needed to make it easier for international investors to access our services. The BT Radianz Cloud offers global reach, speed and simple access. Its focus on international expansion is aligned to our own objectives and we look forward to working closely with the members of its community.”
NZX dairy futures is now one of the leading and most liquid risk management tools for globally traded dairy commodities having traded more than 40,000 lots since its launch in 2010.
Godfrey continued: “The highly-anticipated listing of the Fonterra Shareholders’ Fund in November 2012 created further opportunities for exposure to dairy. In addition equity markets in New Zealand have also found renewed momentum in recent times with significant growth in trading volumes. NZX’s main index (the NZX 50) rose 24 per cent in 2012 compared with the previous year. This bodes well for the launch of NZX 20 Index Futures and Equity Options later this year.”
Tom Regent, president, global banking & financial markets, BT Global Services, said: “The BT Radianz Cloud supports the largest secure networked financial community in the world and brings together participants from across the financial markets’ supply chain internationally. Our ongoing investments in our technology, scale and global reach of the cloud infrastructure were major factors in NZX’s decision to selected BT.”
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Enquiries about this news release can be made to the BT Group Newsroom on its 24-hour number: 020 7356 5369. From outside the UK dial + 44 20 7356 5369. All BT news releases can be accessed at our web site: http://www.bt.com/newscentre
Alternatively you can contact the NZX press office via Kate McLaughlin Corporate Communications, NZX, M: 027 533 4529, T: 09 309 3654, E: kate.mclaughlin@nzx.com.
Notes to editors:
BT is positioned by Gartner, Inc. in the Leaders Quadrant of the Magic Quadrant for Asia Pacific Network Service Providers report published on 28 November 2012 and the Magic Quadrant for Global Network Service Providers published on 26 March 2013*.
*About the Magic Quadrant
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About BT
BT is one of the world’s leading providers of communications services and solutions, serving customers in more than 170 countries. Its principal activities include the provision of networked IT services globally; local, national and international telecommunications services to its customers for use at home, at work and on the move; broadband and internet products and services and converged fixed/mobile products and services. BT consists principally of four lines of business: BT Global Services, BT Retail, BT Wholesale and Openreach.
In the year ended 31 March 2013, BT Group’s revenue was £18,017m with profit before taxation of £2,501m.
British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on stock exchanges in London and New York.
For more information, visit www.btplc.com
About NZX
NZX is an integrated information, markets and infrastructure company. NZX's strategy is building and growing markets, with expertise applied across the securities, energy and agri-business sectors. NZX operates the securities, derivatives and energy markets in New Zealand, builds and maintains the infrastructure on which they operate, and provides a range of information and data that supports market growth and development on a global scale. NZX owns a suite of securities information businesses, exchange traded fund provider Smartshares, and is a 50% owner of share registry Link Market Services. To learn more, visit www.nzxgroup.com. Follow us on Twitter (https://twitter.com/NZXGroup), or LinkedIn (http://www.linkedin.com/company/nzx). (Symbol: NZX and member of the NZX50)
