Trading at BSE gets automated

COMPUTING

|
Image: By BiztechAfrica
Trading at BSE gets automated

By John Churu, Gaborone, Botswana

The Botswana Stock Exchange recently joined other exchanges in the continent when it shifted from the manual trading system to a modern platform that will improve efficiency in buying and selling securities. The move will also see the BSE moving in the same wavelength as other modernised exchanges elsewhere in the world.  

The new electronic trading system, or the Automated Trading System, replaces the floor system method and it is expected to make the BSE more visible and will create efficiencies in the methods of trading.

The stock exchange earlier reported in its annual report for 2011 that “the ATS is a major development for the local bourse and compliments the already established CSD, which will propel the BSE into the future.”

Accordingly, the Central Securities Depository was implemented in 2008 and since its introduction the systematic risk of investing in share market decreased. “The ATS will make us more visible and help create efficiencies in the trading methodology, which we expect will enhance liquidity.”

A letter to market participants, explained that the new trading platform will offer the market an up-to-date and more efficient trading platform. The Bourse has also upgraded the Central Securities Depository System ICSDJ to enable the two systems, ATS and CSD, to be integrated.

During this period of transition from manual trading system to the ATS, the BSE had declared last Thursday a trading holiday and Friday a settlement holiday, respectively. “The holidays were declared to allow for all the necessary systems to be put in place for 'go live'”

As a result of this transition, trades that should have settled on the 24 August 2012 will now settle on the 27 August 2072. After which, settlement of trades will continue as normal.

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.”



Share the News

Get Daily Newsletter

Search News

comments powered by Disqus

MORE COMPUTING NEWS

Dirt to data – The new revolution in agriculture

It is estimated that, through technological innovation, the Internet of Things (IoT) has the potential to increase agricultural productivity in Africa by 70% by 2050.  Read More

Criticism over Remita borne out of ignorance, says SystemSpecs

The CEO of SystemSpecs, the company behind the revenue-saving Nigerian Single Treasury Account (TSA) system, speaks to Biztechafrica. Read More

MainOne joins global effort to support women in ICT

MainOne has lent its voice to the global campaign urging girls and young women to consider careers in the growing information and communications technology (ICT) sector during the International Girls in ICT Day. Read More

Huawei identifies unique cloud solutions for Nigeria

ICT solutions provider Huawei said after a comprehensive study of Nigerian enterprise terrain, it has defined its cloud transformation agenda along four segmentations. Read More

100 non-profits receive Microsoft grants to close gap in computer science

Microsoft Philanthropies has announced grants for over 100 non-profits worldwide, of which 14 are in the Middle East and Africa.  Read More

Liquid Telecom Kenya launches data protection ‘CrashPlan for Africa’

In a bid to guard against rising cases of IT related frauds causing financial losses to businesses, Liquid Telecom Kenya has launched a backup and restore service dubbed CrashPlan for Africa, for businesses in Kenya to secure their data. Read More

Airtel, Microsoft encourage girls to look to ICT careers

Airtel Ghana, through its Evolve with STEM initiative, has collaborated with Microsoft Ghana for the maiden edition of the internationally acclaimed DigiGirlz Day in the country. Read More

Mellanox adds Cumulus Linux support for Ethernet switches

Mellanox Technologies, a leading supplier of high-performance, end-to-end interconnect solutions for data centre servers and storage systems, has announced that it has added Cumulus Linux support for the Spectrum line of 10/25, 40/50, and 100 Gb/s Ethernet switches.  Read More

Huawei takes big data solutions to Zambia

Cloud computing and big data were the subjects of a high-tech roadshow brought to Zambia by leading global information and communications technology (ICT) solutions provider Huawei Technologies this week. Read More

ProLabs launches SFP+ module that extends the life of Switch Hardware

ProLabs, the leading global provider of network infrastructure and connectivity products, has announced the introduction of a 10GBASE-T SFP+ transceiver, which will allow data centre and network managers the ability to extend the life of their cabling infrastructure with a simple cost effective upgrade.  Read More

PRESS OFFICES

Sage EnterpriseSAP AfricaTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4AfrikaNetworks UnlimitedArbor Networks

FEATURED STORY

Criticism over Remita borne out of ignorance, says SystemSpecsCriticism over Remita borne out of ignorance, says SystemSpecs

The CEO of SystemSpecs, the company behind the revenue-saving Nigerian Single Treasury Account (TSA) system, speaks to Biztechafrica.

IN DEPTH

IBM Opens First Cloud Data Centre in South AfricaIBM Opens First Cloud Data Centre in South Africa

IBM is opening a new IBM Cloud Data Centre in Johannesburg, South Africa. The new cloud center is the result of a close collaboration with Gijima and Vodacom and is designed to support cloud adoption and customer demand across the continent.  

COMPANY NEWS

Keeping up with the mobile banking evolution

Africa especially has witnessed the trend of mobile banking, due to the well-known fact that today more people on the continent have access to a mobile phone ...