By Kofi AHOVI
The Ghana Stock Exchange (GSE) has begun remote trading on the Ghanaian bourse. This means that stockbrokers can now trade directly from their offices without coming to the trading floor.
The introduction of the remote trading will boost activities on the Ghanaian bourse, as well as investor confidence on the capital market.
As part of the GSE’s effort to, among other things, improve liquidity and efficiency on the market, in 2007, it 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 Central Securities 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, known as Virtual Private Network (VPN). The Automated Trading as well as the Clearing and Settlement System commenced operations in March this year.999
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 on 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.
The Ghana Stock Exchange (GSE) has begun remote trading on the Ghanaian bourse. This means that stockbrokers can now trade directly from their offices without coming to the trading floor.
The introduction of the remote trading will boost activities on the Ghanaian bourse, as well as investor confidence on the capital market.
As part of the GSE’s effort to, among other things, improve liquidity and efficiency on the market, in 2007, it 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 Central Securities 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, known as Virtual Private Network (VPN). The Automated Trading as well as the Clearing and Settlement System commenced operations in March this year.999
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 on 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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