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NSE to scrap prompt trading of equities

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BGL		#1 Posted : Thursday, July 22, 2010 2:40:52 PM
Rank: Veteran Joined: 10/11/2009 Posts: 1,223		====KBC business ===== Nairobi Stock Exchange will phase out from Friday the prompt board as it embraces global trading standards. NSE Chief executive officer Peter Mwangi says the phasing out will automatically bring to an end the trading of equities on the Prompt Board after the close of the trading session of Friday. Consequently, all trading of equities from Monday August 2, 2010 shall be on the Odd Lots Board and the Normal Board. The prompt board was originally initiated to assist with quick settlement during the manual environment. He says the phasing out of the prompt will further enhance transparency within the market, boost market confidence and enhance foreign investor participation. History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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VituVingiSana		#2 Posted : Thursday, July 22, 2010 6:55:23 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,136 Location: Nairobi		Yada Yada Yada... What I want is a T+0 settlement date! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Kesh!		#3 Posted : Thursday, July 22, 2010 7:00:08 PM
Rank: Member Joined: 10/16/2008 Posts: 47		@VVS i asked sometime ago what the prompt board was. What is it?
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Kesh!		#4 Posted : Thursday, July 22, 2010 7:02:19 PM
Rank: Member Joined: 10/16/2008 Posts: 47		VituVingiSana wrote: Yada Yada Yada... What I want is a T+0 settlement date! If implemented si T+0 itafanya speculators watumalize during turbulent times...?
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youcan'tstopusnow		#5 Posted : Thursday, July 22, 2010 7:05:38 PM
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa		VituVingiSana wrote: Yada Yada Yada... What I want is a T+0 settlement date! Me too. When that day comes, tutakuwa 'tumefika' GOD BLESS YOUR LIFE
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VituVingiSana		#6 Posted : Thursday, July 22, 2010 7:05:51 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,136 Location: Nairobi		Kesh! wrote: VituVingiSana wrote: Yada Yada Yada... What I want is a T+0 settlement date! If implemented si T+0 itafanya speculators watumalize during turbulent times...? I dont speculate much but it would do wonders for liquidity! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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VituVingiSana		#7 Posted : Thursday, July 22, 2010 7:06:58 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,136 Location: Nairobi		Kesh! wrote: @VVS i asked sometime ago what the prompt board was. What is it? Irrelevant as of Monday next week... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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youcan'tstopusnow		#8 Posted : Thursday, July 22, 2010 7:10:26 PM
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa		Kesh! wrote: If implemented si T+0 itafanya speculators watumalize during turbulent times...? Survival for the fittest buda. But in any case, if you are an investor and not a trader/speculator, short term market fluctuations should not worry you GOD BLESS YOUR LIFE
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tony stark		#9 Posted : Thursday, July 22, 2010 7:46:23 PM
Rank: Veteran Joined: 7/8/2008 Posts: 947		Kesh! wrote: @VVS i asked sometime ago what the prompt board was. What is it? It is a group of people who give loans to invest in shares. Infact I know a guy who can hook you up with a loan from the prompt board. Get back to me at toolate2care(at)pesapotea.com
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Kesh!		#10 Posted : Friday, July 23, 2010 1:15:43 AM
Rank: Member Joined: 10/16/2008 Posts: 47		tony stark wrote: Kesh! wrote: @VVS i asked sometime ago what the prompt board was. What is it? It is a group of people who give loans to invest in shares. Infact I know a guy who can hook you up with a loan from the prompt board. Get back to me at toolate2care(at)pesapotea.com thanx for the explanation though i haven't gotten it properly... of course in such a case they get interest in the end while you get to keep all the risk of the transaction right?.. so no thanks for the loan bit
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