The Nairobi Securities Trade has built-in its information for its derivatives market with the worldwide information platform Refinitiv, giving traders world wide a real-time view of the market.
Refinitiv, listed on the London Inventory Trade, operates the Elektron Actual Time platform which is able to now characteristic updates on single inventory futures and index futures from the NSE. The combination went stay on Monday.
NSE professions Safaricom, KCB, KenGen, Fairness financial institution, BAT Kenya, EABL, Bamburi and the NSE 25 index on the derivatives market, known as Subsequent.
NSE chief govt Geoffrey Odundo mentioned a partnership with Refinitiv will assist meet worldwide investor demand for real-time information on the NSE derivatives market.
He added that the derivatives market has seen a buying and selling spike as shareholders search various choices available in the market and can earn much more with the stay information feed.
“Partnering with a worldwide information supplier won’t solely appeal to overseas traders, but in addition enhance liquidity within the rising market by enabling traders to make quicker and extra knowledgeable selections,” Mr. Odundo mentioned.
He added that for the reason that starting of this 12 months, curiosity in Subsequent has elevated considerably, with market turnover registering 24.9 million shillings in transactions, a acquire of 183% over the identical interval in 2020.
“For the reason that begin of the 12 months, the rise in enterprise exercise has additionally led to a 106 p.c improve in common every day income,” Mr. Odundo mentioned.
Refinitiv is among the world’s largest suppliers of economic market information and infrastructure with $ 6.5 billion (714 billion shillings) in income and greater than 400,000 customers in 190 nations.
The NSE introduced final week that it has built-in its bond system with Refinitiv’s Mounted Earnings Calls (FICO) to automate workflows and facilitate negotiations and offers.
The change mentioned this can lead to clear bond buying and selling, assist correct value discovery, enhance market liquidity, and enhance oversight and transparency.