Nairobi stock exchange automated trading system

Nairobi stock exchange automated trading system

Posted: Sr13 Date: 29.06.2017

It looks like your account doens't have access to view this content. You'll need to subscribe or login to do that The Nairobi Securities Exchange is set to upgrade its IT system as it seeks a more robust platform to support planned diversification to trading a raft of new securities including derivatives and futures. The Kenyan bourse is also seeking to introduce real estate investment trusts and exchange traded funds, which require a more sophisticated IT trading platform.

The system matches trade orders automatically and ensures they are concluded on the basis of first come first served. Brokers count gains of online shares trading.

Nairobi Securities Exchange - Infogalactic: the planetary knowledge core

The NSE did not disclose when it expects the new system to be operational but it only opened a one-week period for companies interested in supplying the new system to submit their bids.

The system will support the 19 licensed brokerage firms from whom NSE earned Sh It will also be expected to host match makers who are currently not present in the Kenyan market.

nairobi stock exchange automated trading system

Match makers buy and sell bonds from their clients at disclosed prices, creating liquidity in the market and getting a return from the price differentials. In July this year NSE said it had started testing a new IT system for trading currencies and other commodities in partnership with a South African firm, Securities Trading and Technology.

NSE tests new system with eye on futures market licence. The current NSE system was acquired from Sri Lankan company Millenium Information Technologies which had also supplied the Central Depository System. Following the automation trading hours at the bourse were extended by an hour and the trading of rights in the same manner as equities was introduced.

Trade FX, CFDs, Commodities and indices together

Automation helped bring transparency in the Kenyan equity market and liquidity in the secondary trading bond market. A year after automation of the secondary bond trading in September the turnover in the bond market increased to Sh billion compared to Sh billion an year earlier.

Nairobi Securities Exchange (NSE) - Nairobi Securities Exchange (NSE)

Trading activities at the bourse are expected to rise with the introduction of the GEMS segment which will push the number of quoted companies up from the current 54 due to the lax listing requirements. Regulations on derivatives, futures, and the listing and trading of REITS are currently being debated before they are gazetted for their trading to start on the bourse.

nairobi stock exchange automated trading system

The exchange also aims at being able to host other bourse markets on its platform a move that comes in the wake of harmonisation of trading guidelines among east African countries. The system is expected to strengthen market surveillance stamping out any concerns of insider trading.

Last year the regulator, capital markets authority launched a market surveillance system that is meant to flag out irregular trades. Economy News Corporate Lifestyle Opinion Markets Menu.

nairobi stock exchange automated trading system

Markets NSE to upgrade its automated trading system Tuesday, October 22, Also Read Markets NSE index surges past 3, mark to hit month high News Treasury faces huge pension load in July News Fintechs offer cheapest UK-Kenya diaspora cash.

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