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The Future of Nairobi Securities Exchange
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My 2 cents
#1 Posted : Thursday, March 31, 2022 10:26:51 AM
Rank: Veteran


Joined: 6/2/2010
Posts: 1,066
Seems like the plan to strip bond trading from NSE is truly underway. This will move bond trading to a newly created company East Africa Bond Exchange (EABX).

New CEO has been appointed.

https://kenyanwallstreet...rrence-adembesa-as-ceo/

Poor NSE will have to contend with equities and a mish mash of other (mainly low uptake) securities - REITs, derivatives etc.

2021 Figures
Total Equities Trading - 137 Billion
Total Bonds Trading - 936 Billion

Given a choice I would rather be the new CEO of the EABX as opposed to the NSE.

This will impact the profitability of the NSE.
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kichwa_kibov
#2 Posted : Thursday, March 31, 2022 2:52:57 PM
Rank: New-farer


Joined: 9/24/2012
Posts: 20
Location: Tatu city
Also concerned about this.
Do you have information on whether the new exchange is supposed to handle all bonds (e.g. Corporate bonds) or just Government Bonds?
The smart man learns the truth and screams it at others to try to change their mind to his own lifestyle’s detriment. The wise man learns the truth and applies it to his life. Others learn the truth from watching him.
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maka
#3 Posted : Thursday, March 31, 2022 5:09:13 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
My 2 cents wrote:
Seems like the plan to strip bond trading from NSE is truly underway. This will move bond trading to a newly created company East Africa Bond Exchange (EABX).

New CEO has been appointed.

https://kenyanwallstreet...rrence-adembesa-as-ceo/

Poor NSE will have to contend with equities and a mish mash of other (mainly low uptake) securities - REITs, derivatives etc.

2021 Figures
Total Equities Trading - 137 Billion
Total Bonds Trading - 936 Billion

Given a choice I would rather be the new CEO of the EABX as opposed to the NSE.

This will impact the profitability of the NSE.


I thought you would be able to trade on the two exchanges? It is for the investor to choose.
Anyway ... Yes. If bonds move, NSE will take a major hit.
possunt quia posse videntur
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My 2 cents
#4 Posted : Thursday, March 31, 2022 7:20:08 PM
Rank: Veteran


Joined: 6/2/2010
Posts: 1,066
Yes. apparently NSE will still be able to trade fixed income, but EABX will be a major competitor. Am not sure if EABX will also trade corporate bonds.
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wukan
#5 Posted : Thursday, March 31, 2022 9:40:42 PM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,590
Yeah right just like Kitengela is the new Runda
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My 2 cents
#6 Posted : Friday, April 01, 2022 8:33:41 AM
Rank: Veteran


Joined: 6/2/2010
Posts: 1,066
NSE's CEO opinion on the EABX.
From minutes 30.

https://www.youtube.com/...=eCwTz3OCZzU&t=2429s
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maka
#7 Posted : Friday, April 01, 2022 9:02:14 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
My 2 cents wrote:
Yes. apparently NSE will still be able to trade fixed income, but EABX will be a major competitor. Am not sure if EABX will also trade corporate bonds.

The problems I feel we currently have with the bond trading set up esp for Govt bonds all come from CBK. I believe they are overwhelmed whenever the number of deals go up. It can take a while to avail a paper thus eating into your trading time. Efficiency is needed.




possunt quia posse videntur
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