The Nairobi Securities Exchange (NSE) has successfully integrated its bond trading system with the Refinitiv Fixed Income Callouts application, a flexible trading platform that is secure, transparent and allows for real-time bond trading.
The integration is a major milestone for NSE as it is one of the first exchanges in the emerging markets to incorporate the automated over the counter bond trading system. The platform will link the Securities Exchange to the Central Securities Depository.
NSE will now be able to expand its secondary bond trading market using the Fixed Income Callouts platform. In a tweet, NSE said, “The integration will facilitate seamless trading of fixed income transactions supporting accurate price discovery, trade negotiations and execution as well as reduce delays caused by the manual processing of bond orders.”
Kenya’s bond market turnover reached an all-time high in 2020 as investors sought stable income from bond investments. The government bonds turnover reached KSh690.58 billion, up from KSh651.35 billion in 2019, while the corporate bond turnover stood at KSh1.18 billion.
The Refinitiv trading application is expected to drive up the bond market turnover and increase investor participation at the Nairobi Securities Exchanges.