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NZX halts trading in dairy derivatives on information errors over GDT forecast offer

2015-05-15 11:12:21| Food - Topix.net

NZX Regulation, the supervisory arm of the stock market operator, has placed a trading halt on dairy futures and options after technical errors led to discrepancies in information detailing how much product Fonterra Cooperative Group plans to offer in next week's GlobalDairyTrade auction, a benchmark for the derivatives. Trading was halted at 11.07am today "pending a correction to the announcement regarding the Fonterra Offer Quantities for the GlobalDairyTrade auction released yesterday afternoon," NZX Regulation said in a statement.

Tags: information offer errors trading

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