Browsing: over-the-counter (OTC) trading platform

Investor Sell-Of in 2023
  • Fixed-income securities are a broad class of very liquid and highly traded debt instruments.
  • Data shows that the average turnover of Kenya’s bond market is over $4.55 billion, and NSE and EABX are now vying for this market share. 
  • The choice to merge OTC and onscreen trading will allow market players a flexible way to execute trades on the bond market.

The Nairobi Securities Exchange will soon offer a secondary bond market that combines both onscreen and Over-the-Counter (OTC) trading of fixed-income securities following regulators’ approval. Capital Markets Authority approved amendments to NSE Fixed Income Trading Rules.

In the amendments, Kenya’s capital markets regulator licensed the East African Bond Exchange (EABX) to operate an over-the-counter (OTC) trading platform, likely to drive up competition in the bonds market. An OTC market is a platform that facilitates transactions between traders without requiring them to go through an official securities exchange.

NSE Chief …