The Nairobi Securities Exchange (NSE) admitted EGM Securities as a trading member of the NSE Derivatives market following its satisfaction of licensing and operating requirements in line with Capital Markets, Derivatives Markets Regulations, 2015.
A press release from the NSE reveals that EGM Securities is the first non-dealing participant to join the NSE Derivative markets, which has seven other active derivative brokers.
On the one hand, the recent move will allow the bourse to boost its client base, riding on EGM Securities’ presence in Africa and Globally. On the other hand, EGM Securities’ admission to the NSE Derivative market will allow the non-dealing forex broker to onboard “on-shore traded derivatives products to clients, execute trade” and market NSE products to its retail offshore investors.
Speaking on the admission, NSE CEO Geoffrey Odundo said,
“This strategic partnership will enable us increase our customer touch points as well as offer an alternative investment product to the growing retail investors focus in online trading.”
Further, EGM Securities CEO Samwel Kiraka noted that the partnership will help its clients to benefit from price movements in blue-chip equities and the NSE 25 Share index.
“We are honored and delighted to be part of this partnership with the Nairobi Securities Exchange. Our admission as a trading participant in the NSE Derivatives Market will offer both our platform’s local and overseas users an opportunity to participate in one of the leading securities exchanges in Africa”, says the CEO.
READ ALSO: Genghis Capital & EGM Securities announce partnership on Global Asset Classes
