Abstract
This research report examines trading in securities on the NZDX, drawing from some key studies on secondary debt market liquidity in the US. Several key metrics are provided on the NZDX and indications are that the NZDX has become a viable channel for raising capital and providing investors with a transparent and accessible means of buying and selling debt and quasi-debt securities. In probing further into trading frequency and volume several variables are found to influence trading levels. Evidence in this report suggests that securities with a larger issue size, younger age, lower minimum holding, shorter maturity, classified as “bonds”, and issued by issuers that make more frequent announcements, tend to trade more and/or in greater volume.
Published Version
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
