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

Advanced analytics and telecoms – a power combination

Telecommunications and advanced analytics are a symbiotic duo that can help fast track African development and revolutionise business, says LGR Telecommunications. Read More

Cameroon college gets affordable, quality Keepod devices

Teaching and learning have since dramatically changed and improved at the College Socka Bongue in Cameroon thanks to the supply by Keepod of 650 computing devices and 26 laptops, with each device costing as little as US$7. Read More

Elephant census not ready for drone technology

Dr Chase and Minister Khama Elephants Without Borders, a Botswana conservation project which is bankrolled by Microsoft co-founder Paul Allen, has shelved the use of drone technology during future elephant census expeditions. Read More

Indigenous technical skills critical to growth, says Skysat chief

Skysat Technologies Limited CEO Izzat Debs says the conscious development of indigenous technical skills in Nigeria remains one of the ways of developing the ICT sector of the country to make it grow the nation’s GDP. Read More

Products and services to go on show at WATSE 2015

Telecoms operators, smartphone companies, ICT service companies and other allied companies will showcase their products and services at this year’s  West Africa Telecom Summit and Expo (WATSE 2015), to be held on 21 – 22 May at Movenpick Ambassador Hotel in Accra. Read More

Silicon Congo project to boost ICT entrepreneurship

ICT entrepreneurs in Congo Brazzaville have been given a platform to take off, grow and prosper by Silicon Congo, a new project launched early this week in the capital Brazzaville by the BantuHub Foundation. Read More

Cisco opens 5th academy in Botswana

Cisco Systems has opened its 5th Cisco Academy in Botswana, with online curricula, virtual learning tools, instruction support as well as teacher training and professional development opportunities.  Read More

According to VMware the future of the SAN is virtual

Customers looking to deploy SAN based environments that can scale quickly, support software-defined computing and deliver on increased performance need look no further than VMware’s new Virtual SAN 6. Read More

Nigeria’s computer body urges revisit of e-voting

The Nigerian Computer Society (NCS) has once again advised Nigeria’s Independent National Electoral Commission and the government to heed its call to adopt electronic voting for the coming general elections. Read More

Accountancy School launches ICT Industry Skills Centre

The Botswana Accountancy College has launched the BAC ICT Industry Skills Centre (BIISC) at the new Twin Towers in Gaborone.  Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4Afrika

FEATURED STORY

Malawi Govt denies clinging to ‘Cashgate’ softwareMalawi Govt denies clinging to ‘Cashgate’ software

The Malawi Government will not exclude the software brand that has been in use for the country’s Integrated Financial Management System (IFMIS), but it has rejected reports implying that it is ‘clinging’ to the old system.

IN DEPTH

Kenya’s digital TV battle hots up Kenya’s digital TV battle hots up

Kenya’s journey to Digital TV broadcasting took a new turn this week, when the Communication Authority of Kenya (CAK) accused three local media firms of intent to disrupt the process.

COMPANY NEWS

MTN demonstrates the benefits of its video on demand offering

MTN showcased the benefits of FrontRow when it streamed high bandwidth video content onto multiple mobile devices using its video on demand (VOD) offering.

VMware appoints Bask Iyer as chief information officer

VMware has announced the appointment of Bask Iyer to the role of senior vice president and chief information officer (CIO) of VMware.