NAIROBI, KENYA, OCTOBER 2 — Trading at the Nairobi Securities Exchange (NSE) has normalized after a successful restoration of the bourse’s systems which affected market activities for a better part of Monday.
The NSE delayed opening of trading yesterday following a technical hitch in its systems which left the counters inactive the entire morning.
According to the NSE management, the snag was s a result of challenges experienced by a dependent System of the Automated Trading System (ATS).
“The Nairobi Securities Exchange has delayed commencement of trading activities due to challenges experienced by a dependent System of the Automated Trading System,” NSE had told investors yesterday in a statement which it also apologized for the delay.
“The NSE apologizes for any inconveniences caused to our investors,” it said.
The bourse’s management was forced to revise trading hours from 1:20pm to 4:30pm.
The delay affected investor activities with stockbrokers being among biggest losers, as the ATS connects remotely to their offices, which allows them to trade from their individual locations.
Noting that stockbrokers derive their income from the commissions charged on trades, they were among the most affected by yesterdays’ technical hitch.
NSE is the principal securities exchange of Kenya. Besides equity securities, the NSE offers a platform for the issuance and trading of debt securities.
It is a member of the African Securities Exchanges Association (ASEA) and the East African Securities Exchanges Association (EASEA).
It is a full member of the Association of Futures Markets (AFM) and an affiliate member of the World Federation of Exchanges (WFE), and a partner Exchange in the United Nations Sustainable Stock Exchanges Initiative (SSE).
