Article: Backlash for stock exchange

Computershare is in junior-market merger talks, writes LESLEY SPRINGALL.

The stock exchange's plans to expand its business have provoked a backlash from the world's largest share registry.

Australian company Computershare, which handles shareholder accounts for more than 7000 corporations worldwide, has revealed it had talks last week with fledgling share-trading website Unlisted, aimed at a merger of their share-trading platforms.

The talks follow May's announcement by the New Zealand Exchange (NZX) that it was considering launching its own share registry in competition with Computershare--which caters for more than 80% of New Zealand's public companies--and Christchurch-based BK ...

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