The Lusaka Stock Exchange last week launched a new trading, clearing settlement system. The system, which went live on December 18, enhances the LuSE’s profile as a dynamic and fast developing market, equiped to meet the challenges and technological needs of an increasingly complex local and international capital market environment, according to a statement from its chief executive Priscilla Sampa.
The system is capable of trading and settlement for new instruments such as ETFs, fixed income (corporate and government bonds), commodities on the spot market and depository receipts.
It also provides multi-asset trading and clearing facilities including Derivatives and provision to both institutional and retail investors of full order management and order placing capacity, coupled with real-time access to market data, as well asthird party prices on a FIX feed.
Sampa said the new system has Direct market Access allowing investors to trade on the Exchange via web/browser interface with approval of their brokers.
“Other functions include investor access to CSD Accounts online, as well as receipt of Accounts Statements by email.”
She said the uSE’s new CSD system is SWIFT compatible with the capability of communicating with other CSD’s, Settlement Banks, Participants, Central Bank Payment System or RTGS.
Sampa added that the breadth of capabilities the LuSE’s new trading system provides, are backed by a secure Disaster Recovery Site that places “the exchange at the leading edge of capital market risk management and growth.”