The NZXplaysa critical role in the successful functioning ofthe New Zealandeconomyand its long-term growth.Itenablescompanies to raise fundsto innovateandexpand, giving institutional investorsand individualsa platform togenerate a return,by way of an informed, cost-effectivemarket.The NZX'srole is overseenbyaregulatory system thathasas itsgoalafair, efficient, and transparent capital market.

However, there aretrendsand challengesthat could undermine the effectiveness ofthe NZXandcouldhave long-term consequences for the country's wealth.

Required:

Identify and discuss three(3)trends and challenges that areimpacting on thecurrent and futureeffectivenessof theNZX.In your discussion, outlinecurrent and futureareas for improvement. Include market initiatives, such as online investment platforms.