Site Overview

How NZX virtualTrading works

Registration

Register for NZX virtualTrading to gain free access to our virtual trading platform. After registering a confirmation email will be sent, whereby you are required to activate your account prior to logging on. Your virtual account will be allocated with an initial $50,000 so you can start trading straight away.

Hours

NZX virtualTrading market hours are from 10.30am to 5.00pm weekdays.

The best bid/offer, last traded price and change data, are updated every 5 minutes from 9.20am to 5.50pm.

Orders will match immediately during market hours, provided there is a matching order on the opposite side.

Securities

NZX 50 and ETF securities are available for trading.

Brokerage

No brokerage is applied.

Corporate Actions

Corporate actions are applied to: Dividends, Bonuses and Capital Reconstructions only and will be applied to your account late in the evening prior to ex date. Both your account and the security prices are adjusted accordingly.

To find out when a security is having a corporate action, research the security at www.nzx.com.

Funds

$50,000 is allocated to your account once it has been 'activated'.

You're able to 'reset' your account at any time. Note - your trading history will be deleted.

Buying and Selling

You can submit orders at any time of day, however orders will only match during market hours.

During market hours limit orders will match at the best bid/offer and market orders will match if an order exists on the opposite side.

Orders will match with the full quantity.

Pricing

Bid: the best price available to you should you wish to sell.

Ask: the best price available to you should you wish to buy.

Last: this denotes the most recent price at which a buyer and seller agreed to trade in that security.

Change: this indicates the actual movement of the share price.

Settlement

Once your order has traded the exchange of shares and cash will occur and your account will be updated immediately.

Halts, Suspensions and Listings/Delistings

Trading halts, suspensions and listings/delistings will not be applied.

Technical Requirements

NZX virtualTrading has been designed to effectively operate in most web browsers including:

  • Mozilla Firefox
  • Google Chrome
  • Opera
  • Safari
  • Internet Explorer 8 or above

Additionally the device you are using to access NZX virtualTrading will need:

  • Cookies enabled
  • Java Script installed

How to place an order

To place an order, refer to the Trade Equities page.

How can I track my orders and trades?

To check on the status of your order(s), go to the Order Status page.

To view the history of your trades, go to the Activity page in My Account section.