Protection for futures
The Securities Law Reform Bill, presently before Parliament, will put paid to shady dealings by unauthorised futures brokers, the New Zealand Futures Exchange said yesterday. The bill is designed as a separate amendment to the Securities Act, and is in six parts with part three relating only to futures contracts. This part restricts futures dealing to those dealers belonging to an authorised futures exchange, or those authorised by the Securities Commission to operate as futures brokers.
SUS CONTRACTS Mth Open H/L Last Vol ' Oct 16417 417/417 417 20 Contracts traded: 20 Open positions at September 21: Oct 602, Dec 56, total 658 (down 167). GOVERNMENT STOCK 11/93 Mth Open H/L Last Vol Dec 8718 724/718 8723 1243 Contracts traded: 1243 Open positions at September 21: Dec 2902, total 2902 (up 247). 90-DAY BANK BILLS Mth Open H/L Last Vol Oct 8582 588/582 588 45 Dec 8620 621/620 621 30 Contracts traded: 75 Open positions at September
21: Oct 649, Nov 32, Dec 623, Mar 113, Jun 26, Sep 7, total 1450 (down 4). SYDNEY ALL-ORDS (half-points omitted) Prev. Mth close H/L Last Vol Sep 1525 539/516 520 963 Dec 1530 538/521 523 79 Contracts traded: 1042 Open positions at September 21: 5895 (down 508). BARCLAYS SHARE INDEX Mth Open H/L Last Vol Sep 1978 981/978 1981 9 Dec 1990 000/990 2000 12 Contracts traded: 21 Open positions at September 21: Sep 99, Dec 51, total 150 (up 12).
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Press, 23 September 1988, Page 17
Word Count
241Protection for futures Press, 23 September 1988, Page 17
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