NSE commissions New Equities trading platform

NSE commissions New Equities trading platform

October 14, 2019 0 By mykenyancareers
Fire Award 2019 Launch 3 - NSE commissions New Equities trading platform
The system, which has come along with significant changes to the structure of the current trading process, allows for Short Selling and Day Trading which is expected to revolutionize the capital markets/COURTESY

NAIROBI, Kenya, Oct 14 – The Nairobi Securities Exchange has commissioned a new equities trading system following approval by the Capital Markets Authority on 8 October 2019.

The new equities trading platform is provided by LSEG Technology – part of the London Stock Exchange Group.

The system, which has come along with significant changes to the structure of the current trading process, allows for Short Selling and Day Trading which is expected to revolutionize the capital markets.

NSE Chief Executive Geoffrey Odundo said the system is more efficient, scalable and flexible, adding that expectations are for a rise in trading activities at the Exchange.

“We are excited to have an upgraded Automated Trading System that offers a more robust platform, which supports diversification of trading securities,” Odundo said.

The new system functionalities are in line with international standards and best practice as envisioned in the Kenyan Capital Markets Master Plan.