In Summary
  • NSE chief executive Geoffrey Odundo said the new revamped system should be in place by the first half of this year.
  • The system connects remotely to stockbroker offices, allowing them to trade from the comfort of their premises.
  • The ATS (automated trading system) went live in September 2006, replacing the open outcry system that had been in place years after establishment of the bourse in 1954.

The Nairobi Securities Exchange (NSE) says it will invest an undisclosed amount of money to beef up infrastructure and address gaps in its service recovery capacity after Tuesday’s massive outage.

NSE chief executive Geoffrey Odundo said the new revamped system should be in place by the first half of this year.

“We are in the process of upgrading our ATS (automated trading system) to address some of these technical challenges and offer more services to our clients,” said Mr Odundo in response to our queries.

The system connects remotely to stockbroker offices, allowing them to trade from the comfort of their premises.

The ATS went live in September 2006, replacing the open outcry system that had been in place years after establishment of the bourse in 1954.

“We are working towards completing the system upgrade within the first half of 2019 upon final installation and receipt of relevant regulatory approvals. We are not at liberty to share costs (of the upgrade) at the moment,” added Mr Odundo.

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