Other NetWeave Case Studies

Kaiser Permanente

First Data Corporation

United States Navy



New Zealand Stock Exchange
NetWeave Middleware Forms Backbone of
New Zealand Stock Exchange Electronic System

As is the case with many of our customers, the New Zealand Stock Exchange (NZX, previously the NZSE) has enjoyed a long-term relationship with NetWeave. In 1996, the NZX extended its move into electronic trading with plans to tie the diverse back-office systems (Windows, UNIX, DEC VAX, among others) of New Zealand brokerage houses into the stock exchange’s Tandem and VAX trading and corporate information systems.

The NZX chose NetWeave as its middleware backbone because of the product’s broad platform coverage, robust performance, enhanced functionality, and efficient operation over both LAN and WAN networks. The use of NetWeave allowed the stock exchange to offer a higher level of customer service by permitting trades to be placed and executed electronically from the brokers’ desks rather than via the “open outcry” method on regional trading floors.

Listed companies were able to submit orders and news items electronically to the stock exchange’s information systems and to receive execution reports and ticker information in return. NetWeave provided efficient, reliable delivery service as well as equal and fair access to all market participants.

Today, NetWeave continues to support the New Zealand Stock Exchange by seamlessly integrating FASTER, NZX’s Fully Automated Screen Trading and Electronic Registration clearing and settlement system, with an even wider array of broker platforms - MS/Windows, Linux, HP-UX, and Oracle/Solaris - located in both New Zealand and Australia. The FASTER system sits on the HP NonStop (formerly Tandem) platform.



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