The Ghana Stock Exchange would today Friday March 27, 2009, start automated trading after the successful completion of its electronic system. A fire outbreak in December 2008 on the trading floor of the exchange delayed the launch of the automated system that month.
The platform consists of an electronic clearing and settlement system, which will operate alongside electronic trading. A securities and depository system will be managed separately by a GSE subsidiary.
The new technology will allow brokers to trade on their clients’ behalf from any point at any time, while enabling both day and margin trading.
Other features of the system include the borrowing and lending of securities on the market.
Today, however, manual trading is expected to take place alongside electronic trading.
