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Article: Backlash for stock exchange
- Article from:
- Sunday Star-Times
- Article date:
- August 15, 2004
- Author:
CopyrightCopyright 2004 Sunday Star-Times. Provided by ProQuest LLC. (Hide copyright information)
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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 ...