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(From The Christchurch Press)
Byline: CHAN Karen
Changes paving the way for the NZ Stock Exchange to become a listed company take effect today when the exchange will formally shed its mutual status and adopt a profit-driven commercial structure.
After more than a decade dedicated to providing low-cost transactions for sharebroker members, the restructuring marks a new era for an organisation that has operated in some form for more than a century.
Armed with a new focus on the development of New Zealand's capital markets, new management, and a new structure, the exchange hopes to draw both new investors and new listings into its expanded …