The Nairobi Securities Exchange (NSE) commissioned a new equities trading system following approval by the Capital Markets Authority (CMA).
The new equities trading platform is provided by LSEG Technology – part of the London Stock Exchange Group and one of the world’s leading developers of high performance trading systems.
The system has come along with significant changes to the structure of the current trading process. The new system allows for Short Selling and Day Trading which will revolutionize the capital markets.
The NSE Chief Executive Mr. Geoffrey Odundo stated:
“We are excited to have an upgraded Automated Trading System that offers a more robust platform, which supports diversification of trading securities. The system is more efficient, scalable and flexible, and is in line with our strategic objective of increasing availability and accessibility of our system. We expect a rise in trading activities and look forward to working together with all our stakeholders as we transition to the system.”
The new system functionalities are in line with international standards and best practice as envisioned in the Kenyan Capital Markets Master Plan.
Source: nse.co.ke