NSE to introduce internet trading

NSE to introduce internet trading
Nairobi Security Exchange

The Nairobi Securities Exchange (NSE) will soon introduce Internet Trading Services to investors.

NSE Chief Executive Officer Geoffrey Odundo said the introduction of internet trading will enable the NSE to broaden its product base to address the needs and demand of the market.

Mr Odundo said that the investor who wishes to trade securities through the Internet must realize that such mechanism is considerably and substantially different from the traditional method.

“The market has evolved right from open traditional stock trading now we are no full automated market platform trading in the broking houses and some of the firms are providing shareholding avenues through mobile phones, and as we progress forward we shall be introducing internet trading services,” Mr Odundo said.

Speaking during the opening of 2016 Actuarial Convention in Nairobi, Mr Odundo said internet trading, will enable trading of securities such as stocks, and bonds, foreign exchange or financial derivatives electronically.

He noted that information technology is used to bring together buyers and sellers through an electronic trading platform and network to create virtual market places.

“The market is good, investors are seeing Kenya as a great opportunity, the valuation of our companies is exiting, the sectors are performing, and there is a lot of interest coming in from foreign investors,” he said.

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