2 Nov 2009

NZX grain exchange purchase unconditional

10:52 pm on 2 November 2009

NZX says its purchase of the Australian Clear Grain Exchange has gone unconditional.

The stock exchange operator will pay an initial $A6.4 million, but an additional payment will be made if certain trading volume targets over the next three years are met.

NZX is pushing into agricultural commodities trading, including a dairy futures contracts market.