Close Menu
  • Briefing
    • Cover Story
    • Latest News
    • Counties
  • Politics
    • Society
  • Special Reports
    • Companies
    • Enterprise
    • Money
    • Technology
  • Columns
  • Dispatches from China
  • Member Content
    • Shop
  • Contact Us
    • About us
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram LinkedIn
Nairobi Business Monthly
Subscribe
  • Briefing
    • Cover Story
    • Latest News
    • Counties
  • Politics
    • Society
  • Special Reports
    • Companies
    • Enterprise
    • Money
    • Technology
  • Columns
  • Dispatches from China
  • Member Content
    • Shop
  • Contact Us
    • About us
Nairobi Business Monthly
Home»Money»NSE to launch derivatives production
Money

NSE to launch derivatives production

EditorBy Editor1st July 2016Updated:23rd September 2019No Comments2 Mins Read
Facebook Twitter WhatsApp Telegram Email
Share
Facebook Twitter WhatsApp Telegram Email

The Nairobi Securities Exchange (NSE) has reiterated its commitment to introduce a derivatives market by the end of 2016.

According to the NSE Board Chairman, Samuel Kimani, the bourse is finalizing plans for launch.  “It is our intention to grow into a globally competitive exchange. As such we have been working on a range of new products, key of which is the launch of a derivatives market, the M-Akiba and exchange traded funds”, he said.

Kimani was speaking soon after opening the two-day Commodity Trading and Risk Management seminar at the Windsor Golf Hotel and Country Club in Nairobi.The NSE is expected to launch two futures contracts – a currency contract, and a composite index contract.Critiques have in the past lamented at the myriad of challenges that have slowed efforts to introduce commodity and derivatives trading in the Country includeing inadequate interest from Government; poor market infrastructure; high technology costs as well as the complex production and market structures needed for sustainability in Kenya.

The Nairobi Law Monthly September Edition

“Attempts to create an open outcry exchange in the 1990s failed. It survives to date as a market information service”, said Matanda Wabuyele, CEO of the Kenya National Chamber of Commerce and Industry. Calling for a more effective PPP approach, he said focus should be given also to those that had the potential to achieve critical mass.

“An exchange has got to have an IT platform and the right information as well as regulation. One of the mistakes we have seen is the failure to see the need to bring volumes. It is far easier for an exchange to pay for itself if there is big volume,” said Stewart Ponder, the senior Vice-President for emerging markets at INTL FCStone. The Seminar being held by the London based financial advisory services firm INTL FCStone aims to give participants insight on components such as trading volumes and infrastructure in terms of clearing and settlement, regulation and trading platforms needed to instill confidence for a viable diversified commodities trading market in Kenya and East Africa

The Nairobi Law Monthly September Edition
Follow on Facebook Follow on X (Twitter) Follow on WhatsApp
Share. Facebook Twitter WhatsApp Telegram
Editor

Related Posts

Co-op Bank CEO snaps up 12 million shares in vote of confidence

17th July 2025

Equity, IFC jointly give Sh2.58b to help drive financial inclusion in Africa

7th February 2025

Dollar soars as Trump wins US presidential election

7th November 2024

Kenya secures access to IMF financing

31st October 2024
Add A Comment

Leave A Reply Cancel Reply

The Nairobi Law Monthly September Edition
Latest Posts

Maasai Mara wins world record for epic wildlife migration

17th July 2025

Co-op Bank CEO snaps up 12 million shares in vote of confidence

17th July 2025

Deadly IED attack in Lamu claims lives of three KDF soldiers

16th July 2025

Fear grips Mombasa as mystery disease claims four lives

16th July 2025

Motorists hit as EPRA raises fuel prices by up to Sh 9.65

15th July 2025
The Nairobi Law Monthly September Edition
Nairobi Business Monthly
Facebook X (Twitter) Instagram LinkedIn
  • About Us
  • Member Content
  • Download Magazine
  • Contact Us
  • Privacy policy
© 2025 NairobiBusinessMonthly. Designed by Okii

Type above and press Enter to search. Press Esc to cancel.