NAIROBI, Oct. 14 (Xinhua) -- The Nairobi Securities Exchange (NSE) on Monday commissioned a new equities trading system that is set to boost trading at the bourse.
The system comes along with significant changes to the structure of the current trading process, the NSE said in a statement.
For instance, it allows for short selling and day trading, which is expected to revolutionize the capital markets.
"We are excited to have an upgraded automated trading system that offers a more robust platform, which supports the diversification of trading securities. The system is more efficient, scalable and flexible, and is in line with our strategic objective of increasing availability and accessibility of our system," said NSE chief executive Geoffrey Odundo.
NSE expects a rise in trading activities as it transitions to the new system. "The new system functionalities are in line with international standards and best practice as envisioned in the Kenyan capital markets master plan," said Odundo.
Trading at the bourse has slumped this year with all indices of the market declining following fall in stock prices.
