Nigerian Stock Exchange’s new Nasdaq market surveillance
The Nigerian Stock Exchange has gone live with a new market-surveillance IT platform powered by SMARTS, a solution supplied by Nasdaq.
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The Nigerian Stock Exchange has gone live with a new market-surveillance IT platform powered by SMARTS, a solution supplied by Nasdaq.
The Namibian Stock Exchange and the central Bank of Namibia are working together to create a central securities depository (CSD) for equities, bonds and bills traded. They are waiting for laws and regulations to be passed to get the new system operational.
Some 40,000 Tanzanians subscribed for the TZS476 billion ($213 million) initial public offer (IPO) of Vodacom Tanzania Ltd.
There is doubt on a £24.5bn merger between London Stock Exchange and Deutsche Börse after European Commission demand that LSE sell a 60% stake in platform MTS.
Another floor of shouting traders has just closed in New York, after CME Group closed its open outcry trading pits in New York. Trading pits continue in Chicago but much reduced. Securities exchanges used to heave with drama, excitement, noise and emotion, gradually the computers have taken over.
Roundup of some recent initial public offers (IPOs) of shares which raised capital for businesses listed on Africa’s stock exchanges.
Rwanda Stock Exchange (RSE) and the African Securities Exchanges Association (ASEA) will host the 20th Annual ASEA Conference in Kigali, Rwanda on 27-29 November, the flagship event for Africa’s capital markets.
The Korean Exchange (KRX) has grown to be the world’s third biggest stock exchange for listing and trading SMEs by creating a virtuous cycle in which growth generates cash-flows which in turn fuel more growth.
The Johannesburg Stock Exchange is switching to a shorter T+3 settlement cycle for the equity market from 11 July. Currently it works on T+5.
Telecoms, e-commerce and technology will be the driving force behind many of Africa’s coming initial public share offers (IPOs) as the continent’s telecom, media and technology (TMT) sector continues to grow fast.
Development finance institutions (DFIs) have made $6.5bn of investments in African financial institutions. They see long-term opportunities for gains and to catalyze development.
Police investigating the heist of $951m from Bangladesh’s central bank said it was vulnerable to hackers because it did not have a firewall and used second-hand, $10 switches to network computers connected to the SWIFT global payment network. $81m is still missing after withdrawals from Bangladesh Bank’s account at Federal Reserve Bank of New York.
Sudan’s Khartoum Stock Exchange inaugurated its electronic trading system on 24 March, which is funded by the African Development Bank.
Nigeria’s digital payments and payment card giant Interswitch Ltd could become Africa’s first tech “unicorn” or technology company valued at over $1 billion. Private equity firm Helios is aiming to exit.
Momentum building ahead of the key event for the stock exchange community, the World Exchanges Congress, now in its 11th year and back in central London from 22-23 March.
The JSE-owned derivative central counterparty (CCP) JSE Clear has been recognized by the European Securities and Markets Authority (ESMA).
The Enterprise Growth Market for small and medium size businesses is picking up momentum on the Dar es Salaam Stock Exchange and Mwalimu Commercial Bank Plc was the fourth listing on 27 November.
Brokers on the Ghana and Nigerian Stock Exchanges in July achieved a first cross border securities trade under the stage “sponsored access” of West Africa’s capital markets integration first launched 2013. This opens the way for more cross-border deals.
The Ethiopian Commodity Exchange (ECX) has unveiled an online trading platform, eTRADE, that has capacity for nearly 5,000 times more transactions than its current “open outcry”.
All 4 Namibian stockbrokers have switched their front-end links into the local bourse to the trading solutions supplied by IRESS, a leading global supplier of innovative securities, financial markets and wealth management technology.
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