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South African Software Firm Develops Dar es Salaam Stock Exchange System in Weeks

The MD of STT Michelle Janke and the CEO of the DSE Moremi Marwa shake hands as the system goes live for the first time at the Tanzanian Exchange
The MD of STT Michelle Janke and the CEO of the DSE Moremi Marwa shake hands as the system goes live for the first time at the Tanzanian Exchange

In just eight weeks, South Africa’s Securities and Trading Technology (STT), a trading, clearing and settlement technology firm has build the Dar es Salaam Stock Exchange (DSE) system from start to finish.

According to Moremi Marwa, CEO of DSE, “This is another milestone to our National Exchange – we have not only achieved to excuted this in the shortest period possible but we also have managed to procure a system that seemlessly intergrate our automated trading platform with the central securities depository and the National Payment System through SWIFT interface – this means we have now achieved a true Delivery versus Payment (DVP) and hence risk management assurance to our investors.

The DSE is said to be more efficient and has more products and aims to increase the accessability via mobile, internet and sms trading facilities.

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Michelle Janke, MD of STT said the Tanzanian Exchange becomes STT’s third Exchange to go-live with STT’s integrated Exchange Solution. The DSE is STT’s first African Exchange to go-live with STT’s Equities platform as well as its Central Securities Depository (CSD) system.

Sam Wakoba
Sam Wakobahttp://techmoran.com
Taking you on tour through Africa's tech and business ecosystem, one story at a time since 2010! Based out of Nairobi, Kenya, Sam is the founder and managing director of Moran Media, which runs  TechMoran.com, various other digital platforms and a startup incubation hub for Kenya's youthful entrepreneurs. Drop me a mail at [email protected]

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