Botswana bourse to automate trading

BOTSWANA

-
Image: By BiztechAfrica
Botswana bourse to automate trading

By John Churu, Gaborone, Botswana

The Botswana Stock Exchange intends to introduce an Automated Trading System (ATS) which it hopes will make the local bourse more visible and create efficiencies in the trading methodology once implemented.

This information was part of its annual report for 2011. The BSE explained that the implementation of ATS was progressing at a rapid rate and is expected to be implemented in Quarter 4 of 2012. “Along with the implementation of the ATS, our CSD system is also being upgraded,” wrote Chairperson, Patrick O’ Flaherty.

According to O’ Flaherty: “The ATS is a major development” for the BSE and “compliments the already established CSD, which will propel the BSE to into the future,” he noted. Adding that “The ATS will make us more visible and help create efficiencies in the trading methodology, which we expect will enhance liquidity.”

BSE implemented the Central Securities Depository (CSD) in 2008 and since the introduction the systematic risk of investing in share market decreased. However, the exchange observed that in order for the CSD to reach its potential, there is a need to engage investors and motivate them to dematerialise their shares.

“A central depository system can only reach its full potential in a 100 percent dematerialised environment,” said O’ Flaherty. “This is the reason that in certain countries dematerialisation is mandated by law or directed to be carried out by the Capital Market Regulator.”

The BSE said that the dematerialisation of share is in the CSD is continuing at a satisfactory pace. By the end of December, 2011, there were more than 12, 800 investor accounts open with 46 percent of all domestic company shares and 91 percent of all foreign company shares being dematerialised. “The BSE also dematerialised its first corporate bond after obtaining approval from Registrar of Companies”. O’ Flaherty added that this has been the experience of many other markets that have implemented the automated trading systems. 



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE BOTSWANA NEWS

Botswana to enhance education through Thutonet

Launching the Thutonet Governance Structure, Secretary of Education Reforms, Taboka Nkhwa, said for Botswana to make any appreciable progress in its socio-economic development efforts, substantial resources should be directed at improving educational delivery. Read More

Africa’s tech hubs on the rise

The vice president of Botswana says innovation hubs play an important role in boosting science and technology. Read More

Botswana passes electronic transaction, communications bill

The Botswana Parliament has passed the Electronic Communications and Transactions Bill, which gives legal recognition to electronic transactions. Read More

Therisanyo gets e-learning centre

John Moir and Kagiso Molatlegi Samsung Technologies has handed over an e-learning centre to Botswana's Therisanyo Primary School. Read More

Botswana youth employment portal rolled out

Allan Boshwaen An ambitious project by Botswana’s Ministry of Labour through the National Internship, donor agencies and leading NGOs has seen the creation of a youth friendly portal to boost job creation in the country.  Read More

BIH hosts 2014 IASP Africa Division Conference

Botswana Innovation Hub, in association with the Southern Africa Innovation Support (SAIS) programme, will host the 2014 International Association of Science Parks (IASP) and Areas of Innovation (AI) Africa Division Conference in Gaborone next month. Read More

Orange transforms prepaid services with Ola!

Orange Botswana is launching a new set of packages is says will transform prepaid services in Botswana. Read More

Botho ICT University holds first BothoTED Talk

Botho University has staged its inaugural BothoTED talk, with a view to improving the quality of teaching and learning. Read More

Stanbic Bank to transform customer service

Stanbic Bank Botswana has launched an effort to further transform customer service through technological innovation.   Read More

Tremendous potential for e-payments in Botswana

Botswana’s  President, Lt Gen. Seretse Khama Ian Khama,says electronic money has tremendous potential to make financial services more accessible and inclusive. Read More

PRESS OFFICES

Sage ERP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionSage HR AfricaMTN Business

FEATURED STORY

Kenyan shift to Green Economy would generate USD 45bn by 2030 Kenyan shift to Green Economy would generate USD 45bn by 2030

Kenya’s transition to a green economy could produce major economic benefits  equivalent to an estimated USD 45 billion by 2030, a new  study shows.

IN DEPTH

E-waste threatens Ghana’s beachesE-waste threatens Ghana’s beaches

Many beaches in Ghana, already stressed by pollution and poor maintenance, are now facing a new threat: e-waste.

COMPANY NEWS

Further African expansion for Phoenix

Phoenix Distribution, a leading broad-based distributor on the African continent, has expanded its office in Nairobi, Kenya, in a move to better serve its partners in East ...