First Alternative Trading Platform for Zimbabwe licenced

Posted by Maveriq

Financial Securities Exchange (Pvt) Limited (Finsec),  became the first Zimbabwean company to be licensed to set up an  alternative trading platform (ATP)  after being  granted a license by the Securities and Exchange Commission of Zimbabwe (SECZ).  This move is designed to offer diversity and provide other methods for trading on the stock exchange.

In a statement the SECZ said, an ATP offers a:

Range of services, from the bringing together of buyers and sellers to complete trading platforms, which offer similar functionality to that provided by exchanges, but within a different regulatory framework.  Apart from serving as an alternative means of accessing liquidity by issuers, ATPs also provide investors with enhanced flexibility, security, transparency and reduced trading costs, as well as competition to the established securities exchange,”

More: Newsday



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