The Dar es Salaam Stock Exchange (DSE) went live using South
African software company Securities and Trading Technology’s (STT) trading and
settlement technology on Friday morning.
STT was chosen in April to provide the
Tanzania exchange with solutions to improve its trading ability and the plan is
to increase the number of securities and bonds traded in Tanzania from the
current 25 companies.
CEO of the Dar es Salaam Stock Exchange
Moremi Marwa said on Friday the new system would help them achieve “true
delivery” and improve risk management for investors.
“This is in line with our strategic
intent of introducing new products and increasing accessibility to our system
through the use of mobile‚ internet and SMS trading facilities‚” he said.
MD of STT Michelle Janke said the
Tanzanian exchange had become her company’s third exchange to go live using its
integrated exchange solution.
Further‚ Tanzania is the company’s
first African exchange to go live with its equities platform‚ as well as its
Central Securities Depository system.
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