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

comments powered by Disqus

MORE COMPUTING NEWS

Botswana women missing from ICT

There has been a rallying call for women in Botswana to consider a lifetime participation in the Information and Communication Technology if the sector is to realise any meaningful growth as well as a fair gender representation.   Read More

Globecomm, Tanzania Support Foundation take computers to rural school

Globecomm announced today that it has donated desktop computers to a school in the Tanzanian village of Selela to aid the mission of the Tanzanian Support Foundation to help small communities become more self-sufficient in education, healthcare, hygiene and clean water.   Read More

The Network is dead. Long live the network!

Your network is vastly bigger than the Internet itself, says Infoblox.  Read More

Schneider Electric’s off-grid solar and backup power inverter/charger now in southern Africa

Schneider Electric Solar Business, a global leader in solutions for the solar power conversion chain, has released its off-grid solar and backup power inverter/charger, the Conext SW, in the southern African region.  Read More

Phase3 seeks digitally enhanced life for special needs kids

West Africa’s largest independent fibre optic infrastructure and telecommunications services provider, Phase3 Telecom, has urged stakeholders in the ICT industry to offer children living with disabilities a good quality of life through the deployment of assistive technology. Read More

Kenya, China partner to grow ICT skills

Global technology company Huawei, in partnership with Kenya’s Ministry of Information and Technology, has dispatched to China the first beneficiaries of the “Huawei Seeds for the Future” Internship programme. Read More

Big trends for 2015

Industry experts share their thoughts on the innovations that will impact business next year. Read More

ASUS appoints Andre Goosen as Country Service Manager

ASUS, the Taiwanese technology innovation brand, has appointed Andre Goosen to the position of Country Service Manager, a new role created in line with ASUS’ increased focus on after sales service. Read More

iWayAfrica managed service solution launched in Kenya

Pan African telecoms operator, Gondwana International Networks (GIN) has announced that its iWayAfrica business has launched a managed infrastructure and services solution in Kenya.  Read More

Kenya Ports Authority first to deploy Pamoja’s RUBiQ cloud platform

The Kenya Ports Authority is the first institution in East Africa to adopt the RUBiQ Cloud-based governance, risk and compliance platform.  Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoice

FEATURED STORY

PWC: Optimism abounds but a bumpy journey ahead for somePWC: Optimism abounds but a bumpy journey ahead for some

PwC’s ‘Capital Projects & infrastructure in East Africa, Southern Africa and West Africa,’ report says infrastructure spend in the region is projected to reach $180bn per annum by 2025.

IN DEPTH

Africa lags on digital migration Africa lags on digital migration

Only three African countries have so far completed the digital migration process, and serious issues are hampering the migration in other nations.