1. Trading Hours
The New Zealand market trades between 10am and 5pm on New Zealand business days and orders can be executed during this time.
The market enters its pre-close session at 4.45pm where you can place, cancel and amend orders, but orders will not be executed until the closing auction at 5pm (+/- 30 seconds).
Orders can be placed, amended and cancelled between 8.30am and 5pm.
2. Trading Lot & Bid Size
Share Price | Minimum Bid Size |
Up to 0.20 NZD | 0.001 NZD |
0.20 up to 0.50 NZD | 0.005 NZD |
> 0.50 NZD | 0.01 NZD |
3. Minimum Trading Unit
The minimum trading unit for New Zealand stocks is 1 share.
4. Minimum Initial Investment
There is no minimum purchase
5. Intra-Day Trading
Yes, we do allow intra-day trading for New Zealand stocks.
6. Do we provide short selling for New Zealand stocks?
No, we currently do not offer short selling for New Zealand stocks.
7. Settlement Date
New Zealand stocks are currently on a T+2 settlement basis.
8. Do We Offer New Zealand Derivatives?
No, we do not currently offer New Zealand derivatives.
9. What is a DRP?
Some listed companies and funds offer a Dividend Reinvestment Plan (DRP) option, which allows dividends/distributions to be automatically reinvested in the company or fund rather than paid in cash.
Tiger does not currently support DRPs for the New Zealand market. As a result, Tiger has opted out of all DRPs and all dividends or distributions received on your behalf will be paid out in cash to your account. The tax treatment is the same whether dividends are reinvested or paid in cash.