The automation of multiple platforms at the Nairobi Securities Exchange(NSE) is making it possible for market savvy investors in Kenya to trade shares directly from an online trading platform such as top binary options brokers without having to engage a stockbroker.
Additionally, the online platform gives clients real time access to transactional statements, portfolio valuation contract notes and order status tracking
According to the Standard, automation of these platforms links the bourse to back office systems at the office of the stockbrokers as well as the Central Depository and Settlement Corporation ( CDSC).
“One has to be one of our clients to use the platform. After opening an account with us as well as another at the CDSC, we do the usual know-your-customer procedures, issue a user name and password and then one can sign in and begin to trade,” said Mr Nkoregamba Mwebesa, the CEO at SBG Securities Limited, a member of the Standard Bank Group of South Africa.
“This system is mainly for those who know what they are doing and have enough exposure to the market. We, however, provide tutorials for those finding it difficult to navigate the platform,” said Mr Mwebesa. This can of trading can be found from this binary options trading website if you are from Nigeria binaryoptions.ng.
“One can create their own portfolio based on the financial reports we offer as well as media reports from both local and foreign publications.” He added that the NSE has had a history of complaints over the conduct of stockbrokers, especially after the collapse of Francis Thuo and Nyaga stockbrokers, which went down with investors’ cash.
With the online platform you can also control and decide on the price of a stock and quantity in real time in addition it is also secure to trade as unauthorized trading is restricted.
The online platform is mostly preferred by the younger generation of investors who are able to take advantage of the convenience of the Internet and commissions are negotiable depending on the size of one’s portfolio.