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Nairobi Stock Exchange in automation plan.

Asia Africa Intelligence Wire

| March 25, 2004 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Panafrican News Agency (PANA) Daily Newswire)

Nairobi, Kenya (PANA) - The Nairobi Stock Exchange (NSE) has outlined an ambitious market automation plan which will link its stock buyers throughout the East African Region, NSE Chief Executive Officer Kibuga Kariithi announced here Thursday.

The four projects, involving the creation of a Central Depository System, which will enable stock buyers to purchase shares from anywhere in the world, an Automated Trading System (ATS), Brokers Back and Front Office System and Real Time Information Dissemination, are all designed to enable buyers receive information from anywhere.

The four projects, which …

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