This thing called the prompt board should be banned...its robbing unsuspecting investors...

Should prompt board be banned or normal board done away with?

The difference between normal and prompt is only the settlement duration (time for brokers to pay each other),4 days vs 1 day. Shares on the other hand are obtained instantaneously from CDSC.

So perhaps seeing that we're now in the age of Internet and RTGS, the normal board can now be done away with, and everything settled in the 1 day.

i second Mukenya

@instinct somebody sold his KQ shares today on the prompt board at 52 bob yet the price was hovering btwn 55-56...i saw the same thing the other day with KPLC and NMG...

I'll try this once more (reminds me of some mboys in primo who had to repeat the multiplication tables on their way to school just so they could remember what 2*2 was).

Point number one-anybody can trade on the prompt board.
Point number two- the prompt board is there for those who need liquidity quickly. That is hwy you'll see peeps accepting lower prices. So they can cash at t+1.
Point number three- if you can't make mbesa in the NSE, you can't make at Gikomba so stop clutching at straws...

@Wa-ithaka - Are you a broker? Do u work for a stockbroker?

@mufasa...

If the normal board did not exist and all trades were executed at t+1 i.e Prompt board, where would the unfair competition arise from?

We shouldn't be asking our institutions to take a step backwards, we should be encouraging them to look forward... i.e increase efficiency...

That said, I can see unfair competition arising from the existence of BOTH boards at the same time.

I see absolutely nothing wrong with it. It's fair game.

@the deal

the broker is not to blame...

but the investor who puts orders without target prices...

somebody just bought 700kQ shares @60.00 while the highest ask on normal board is at 56.00. A bid of 100 kQ pending on the prompt board @60.00