Browsing: SECZIM

• FINSEC introduces automated contract writing and derivatives trading, complete with direct integration of the trading, clearing, custody, and settlement facilities.
• The market will be on a 6-month trial window to enable market participants and investors to familiarize themselves with the newly established market.
• A derivative is an agreement between traders for selling or buying of shares, commodities, and currency in the future at an agreed price

Zimbabwe’s alternative trading platform, Financial Securities Exchange (FINSEC), has introduced the first-ever derivatives trading platform in Zimbabwe. This should further widen investment options for investors in the country.

FINSEC continues to be the torch bearer in deepening and broadening the local capital markets through product and service innovation. The derivatives products will provide investors with more choices and will ensure Zimbabwe takes its rightful place in securities trading.

Financial Securities Exchange (Private) Limited (FINSEC) is licensed by the Securities and Exchange Commission of Zimbabwe …

• Stock broker Morgan and Co to launch Made in Zimbabwe  ETF on June 17, 2022
• Made in Zimbabwe ETF to be listed by way of introduction
• The ETF will initially contain Zimbabwean Manufacturers as constituents

Award-winning stock broker Morgan and Co to launch Morgan and Co Made in Zimbabwe Exchange Traded Fund (ETF) on June 17, 2022, on the Zimbabwe Stock Exchange (ZSE). The ETF is going to be launched on the local bourse by way of introduction. According to a presentation by the broker, the fund is set to be largely constituted by manufacturing companies listed on the ZSE, with exposure to other non-manufacturing counters. In addition, the fund will be an actively managed fund with the objective of providing superior returns.

An exchange-traded fund (ETF) is a basket of securities that can be bought or sold on a stock exchange the same way a regular stock can. According …