Business / Economy
ZSE makes history
06 Jul 2015 at 06:01hrs | Views
The Zimbabwe Stock Exchange (ZSE) started trading online on Monday through the Automated Trading System (ATS) for the first time in history.
By 09:00 on 6 July 2015, stockbrokers had already started inputting orders prior to the opening scheduled at 10:00.
Prior to Monday, the ZSE used a paper-based trading platform known as a call-over system.
Chief executive officer Alban Chirume said the introduction of the ATS is expected to improve daily turnover on the local bourse, while reducing trading risks inherent with the call over system.
Chirume said following the revision to the ZSE operating times, trading will be continuous from 10:00 to 12:30.
By 09:00 on 6 July 2015, stockbrokers had already started inputting orders prior to the opening scheduled at 10:00.
Prior to Monday, the ZSE used a paper-based trading platform known as a call-over system.
Chief executive officer Alban Chirume said the introduction of the ATS is expected to improve daily turnover on the local bourse, while reducing trading risks inherent with the call over system.
Chirume said following the revision to the ZSE operating times, trading will be continuous from 10:00 to 12:30.
Source - fin24
