NZX Trainer definition
NZX Trainer means a trainer (which may include NZX) or training facility appointed or provided electronically by NZX to undertake any of the initial and ongoing training required under these Rules that has been approved by NZX as an NZX Trainer;
NZX Trainer means a trainer (which may include NZX) or training facility appointed or provided electronically by NZX to undertake any of the initial and ongoing training required under these Rules that has been approved by NZX as an NZX Trainer; “OECD” means the Organisation for Economic Co-operation and Development; “Offer” means the price or yield of Securities to be sold; “Off-Market Trade” means any transaction between Trading Participants in Securities Quoted on a Securities market operated or provided by NZX effected outside the Trading System and includes a Crossing; “One Off Sale” means a one off request received by a Client Advising Participant from a person to sell all of that persons holdings in a given Security or that persons entire holdings in Securities listed or Quoted on a market operated or provided by NZX or another Recognised Securities Exchange that does not result in an ongoing relationship being created between that Client Advising Participant and that person; “Opening Market Price” means the price/yield of the first Trade for each Security to be determined at the Opening Order Match period at the beginning of each Trading Day; “Opening Order Match” means a phase of the market as determined from time to time by NZX immediately following a Pre-Opening Session, where Trades are created from matching Orders, using a pre-set algorithm when prices/yields overlap, in accordance with Rules 11.3, 12.3, 14.3, 22.7.3 or23.3.3; “Operational Risk Requirement” means the amount calculated under Rule 19.6; “Option” means an option to acquire or sell a Security or an interest in a Security, and in Rule 19.3 to Rule 19.13 includes an agreement that confers on the holder the right (but not the obligation) to: (a) acquire or dispose of a Commodity or an interest in a Commodity; (b) require the other party to the Option to enter into a Futures Contract; or (c) require the other party to pay a Final Settlement Amount;