NZCX offers spot trading for those clients seeking immediate trade settlement.
NZCX offers standardised spot trading terms for domestic NZUs and international CERs.
[for other unit types we offer bespoke services]
Spot Trading Requirements
- NZUs to be sold must be held in the sellers NZEUR holding account
- CERs to be sold must be held in the sellers NZEUR holding account or an international registry which is linked through the International Transaction Log (ITL)
Minimum Volume per Trade (parcel size)
- 5,000 NZUs or
- 10,000 CERs
Upon price and volume being agreed, transfer of units and funds should typically be completed within 3 business days.
The NZCX escrow service is available for all spot trades brokered by NZCX.
How much does it cost?
NZCX charges a volume-related transaction fee.
How to trade with NZCX
Client requirements are set out clearly in our engagement checklist.