Once in a lifetime, there are events known as Black Swans that accelerate the changes to the society both from a cultural and business standpoint to the point where we can see it happening in real-time. The current covid-19 pandemic can be described as one of those events rare events.
In this episode of the Kenyan Wallstreet Podcast, I had a conversation on matters online trading with Brian Myers, Chief Executive of Equiti Capital, which is part of the FCA regulated arm of global FX and CFDs brokerage Equiti Group.
Brian says that during the lockdown, kenyans trading on the company’s CFD platform mostly traded Tesla, airlines , Zoom, Jumia stocks.
In East Africa, Equiti Capital through its Kenyan subsidiary EGM Securities is registered and regulated by the Capital Markets Authority under the trading name of FX Pesa. In February 2018, EGM Securities became the first online forex broker to receive a license from Kenya’s Capital Markets Authority (CMA) and opened a full-service regional office in Nairobi, Kenya in July 2018.
Key highlights from this podcast with Equiti Capital CEO;
- How the virus changed the world of financial markets
- Brian Myer’s top trades for 2020
- 2020 Recap & how covid accelerated online trading in Africa
- Regulation of the online forex trading in Africa
- Many people are starting to pay attention to Financial literacy and women are beginning to enter the online trading space
- Exciting things that Equiti has in store in 2021 including expansion into the South African African region as well as the derivatives partnership with the Nairobi Securities Exchange
- Brian’s top trades that he will be keenly watching in 2021
- How Biden’s win will affect the US stock market
You can follow Brian on Twitter; @bjmyersUK