By Kofi Ahovi
Ghana Stock Exchange has begun Remote Trading on the bourse. This means stockbrokers can now trade directly from their offices without coming to the trading floor.
The introduction of the remote trading would boost activities on the Ghanaian bourse while bolstering investor confidence in the capital market.
As part of the Exchange’s effort to among other things, improve liquidity and efficiency on the market, GSE in 2007, embarked on a project to automate its trading processes. Three systems were put in place namely Electronic Trading system, Electronic Clearing & Settlement system and a Depository.
The Exchange’s Depository commenced operations in November 2008, enabling investors to open securities accounts to deposit their shares. The System allows investors to transfer, pledge and access security information in a more efficient manner.
The new electronic trading system makes it possible for stockbrokers to trade from three different levels namely, the floor of the Exchange, their offices through the Wide Area Network (WAN) or through a secured internet (VPN). The Automated Trading as well as the Clearing and Settlement System went live on March this year.
The interventions being made by GSE are to ensure that the gap between the Ghanaian bourse and other stock exchanges is bridged and also to attract more investors and securities issuers onto the exchange
GSE has also introduced a central securities depository and an electronic clearing and settlement system to ensure efficiency o the market, as well as increase trade volumes and liquidity.
The introduction of these electronic platforms will substantially reduce the errors and delays associated with paper-based manual processing and consequently enhance efficiency in the clearing and settlement system.
Ghana Stock Exchange has begun Remote Trading on the bourse. This means stockbrokers can now trade directly from their offices without coming to the trading floor.
The introduction of the remote trading would boost activities on the Ghanaian bourse while bolstering investor confidence in the capital market.
As part of the Exchange’s effort to among other things, improve liquidity and efficiency on the market, GSE in 2007, embarked on a project to automate its trading processes. Three systems were put in place namely Electronic Trading system, Electronic Clearing & Settlement system and a Depository.
The Exchange’s Depository commenced operations in November 2008, enabling investors to open securities accounts to deposit their shares. The System allows investors to transfer, pledge and access security information in a more efficient manner.
The new electronic trading system makes it possible for stockbrokers to trade from three different levels namely, the floor of the Exchange, their offices through the Wide Area Network (WAN) or through a secured internet (VPN). The Automated Trading as well as the Clearing and Settlement System went live on March this year.
The interventions being made by GSE are to ensure that the gap between the Ghanaian bourse and other stock exchanges is bridged and also to attract more investors and securities issuers onto the exchange
GSE has also introduced a central securities depository and an electronic clearing and settlement system to ensure efficiency o the market, as well as increase trade volumes and liquidity.
The introduction of these electronic platforms will substantially reduce the errors and delays associated with paper-based manual processing and consequently enhance efficiency in the clearing and settlement system.
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