If the recent flighting of a tender by the Securities Commission (SC) is anything to go by then the Zimbabwe Stock Exchange (ZSE) could finally be getting its long anticipated Central Depository System (CDS).

The planned CDS which has been projected to cost more than US$2.5 million aims to change the trading mode on the bourse from the current manual trade to an electronic based trading system.

According to details of the tender, the SC planes to expedite the implementation of CDS in an effort to meet global trading standards and thus allow the ZSE to make its debut as a member of the Paris based Federation of World Exchanges whose prerequisite is that all its members trading be electronically based.

It now has to be seen whether the stock market regulator will be able to implement the system after previous failed attempts and whether the ZSE will be able to demutualise, list before the implementation of the CDS.

ADD your comments

Add New | Search

Write comment
Name:
Email:	do not notifynotify
Title:
UBBCode:	-color-aquablackbluefuchsiagraygreenlimemaroonnavyolivepurpleredsilvertealwhiteyellow -size-tinysmallmediumlargehuge
Comment:
	Disclaimer BO.co.zw encourages freedom of speech and the expression of diverse views. The views of users published on BO.co.zw are therefore their own and do not represent the views of BO.co.zw. All posts are monitored by BO.co.zw's editors and grossly derogatory posts will be deleted. The BO.co.zw editorial team will delete your comment should you post abusive comments, use vulgar language or make discriminatory observations.

3.26 Copyright (C) 2008 Compojoom.com / Copyright (C) 2007 Alain Georgette / Copyright (C) 2006 Frantisek Hliva. All rights reserved."