NSX boosts bond market with new trading system

October 15, 2023 0

The Namibian Stock Exchange (NSX) has launched a bond trading system, a development expected to boost the capabilities of the exchange to facilitate safe and regulated trading in Namibia's bond market.

"This represents an expansion of our market participants, as some of the banks in Namibia are now capable of on-market trading, alongside members of the stockbroking community. Increasing on-market trading of bonds has been a goal of the SADC Finance protocols, and we hope to see widespread adoption of on-market bond trading. The use of the system should lead to increased liquidity and long-term market growth. NSX is committed to deepening and diversifying the Namibian capital market in preparation for a promising economic future," said NSX CEO Tiaan Bazuin.

The development comes as NSX received approval for the inclusion of a Bond Trading System (MITS) in the exchange's license from the regulator, having initially secured a license to list bonds in 1992.

Securities & Trading Technology (STT) delivered the bond trading system platform.

"STT is delighted to have partnered with NSX. All our teams have put in an enormous effort to take the market live today (Friday). Congratulations to NSX on achieving this significant milestone," said STT Managing Director Michelle De Beer.

According to the NSX, Namibia's bond market has expanded considerably over the years, with five green and sustainable bonds also currently listed.

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Last modified on Monday, 16 October 2023 15:53

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