NZX ignores investor input with website changes

Changes to the New Zealand stock exchange website has frustrated investors, annoyed that their opinions weren't sought during the process.

NZX confirmed alterations to the website, NZX.com, were imminent following plans to make the site more user-friendly.

Yet the proposals have been met with resistance by some shareholders, who claim they wanted more of a say in the changes.

On hearing news that the site's interface would change, New Zealand Shareholders Association chairman John Hawkins "was frustrated investors had not had more input."

Yet head of corporate communications at NZX Kate McLaughlin preferred to focus on the upcoming changes, telling Fairfax NZ News:

"The first ‘persona' we have launched is aimed at the investor, which has driven the way features and capabilities are prioritised for the site.

"More functionality for investors will become available in the future.

"The general direction we are heading in, on an investor front, is to include appropriate educational tools to drive better understanding of the financial markets, individual listed companies and investment opportunities."

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