The recently launched Nairobi Securities Exchange derivatives market has been warmly received by Kenyan and regional investors. The platform was officially launched on Thursday at an event attended by executives of the regional stock markets such as Uganda and Rwanda.
Investors will now be able to manage risk and diversify their investments through the first derivatives market in the entire East African region. Stanbic Bank and Coop Bank have been licensed to act as the clearing members at the exchange. The platform will also have 11 trading members who are stockbrokers and investment banks. The market is open to institutional and retail traders.
The derivatives exchange is expected to cement Nairobi’s position as a leading financial center in East Africa and improve liquidity in the region.
The Nairobi Securities Exchange CEO Geoffrey Odundo said that they will conduct regular training to ensure market participants understand the derivatives market and increase participation in the segment.
