NZX market depth is available for companies and funds listed on the New Zealand Stock Exchange (NZX), if you’re on a $20 plan.
Market depth isn’t currently available for Australian or US shares.
How it works
NZX market depth will show you details of the price per share, the number of shares, and the number of orders placed to either buy or sell at each price. It can also help you get an idea of where your order might go in the queue.
Sometimes, individual market and limit orders placed for NZX shares are sent to market with similar orders placed by other investors—this is called ‘aggregation’. If your order is aggregated, you won’t be able to see your individual order in the NZX market depth queue.
Access NZX market depth
NZX market depth can only be accessed if you have a $20 plan (other Sharesies platform fees still apply).
You can opt in to a $20 plan by going to Account > Pricing plans.
Other Sharesies platform fees still apply.
Find market depth on an NZX-listed investment
Log in to Sharesies.
Find the NZX-listed company or exchange-traded fund (ETF) you want to see market depth info for.
Select NZX market depth under the company’s investment page. Or, select Buy > Choose to place a market or limit order > NZX market depth in the top right corner.
Glossary
Bid
The highest price buyers are willing to pay and how many shares they want to buy.
Halt
The investment is in a trading halt, and no trades can occur.
Last-traded price
The price the most recent trade went through at.
Match price
Buyers and sellers are matched in the pre-open and pre-close auction periods to determine the match price.
Offers
The lowest price sellers are willing to receive and how many shares are up for sale.
Pre-open
The market phase before trading starts. On the NZX, this is between 8:30 AM and 10 AM New Zealand Standard Time (NZST).
Pre-close
The market phase leading up to the end of a day’s trading. On the NZX, this is between 4:45 PM and 5 PM (NZST).
Previous close
The last-traded price of an investment at the end of the previous trading day.
Spread
The price difference between the offers and the bids.
Today’s high
The highest price that an investment has traded at on that day.
Today’s low
The lowest price that an investment has traded at on that day.
Volume-weighted average price (VWAP)
The average price an investment has traded at throughout the day, based on both volume and price.