The Botswana Stock Exchange (BSE) is taking steps to update its technology.
ITWeb reports that the BSE is spending almost BWP10 million to introduce three new systems to enhance its efficiency, competitiveness and network security and improve the resilience of the market.
The systems are: an integrated Central Securities Depository (CSD); Automated Trading System (ATS); and connectivity to the Society for Worldwide Interbank Financial Telecommunication (SWIFT).
According to BSE CEO Thapelo Tsheole, ‘the new system puts us in line with the London Stock Exchange on technology’.
He says the new system will provide customers with remote access to their CSD accounts and statements, while the new ATS offers an improved request-for-quotation mechanism; micro auctions; and advanced information dissemination capabilities.
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