Times Of Swaziland: SSX NOMINATED FOR BEST GROWTH  OPPORTUNITY EXCHANGE 2017

SSX NOMINATED FOR BEST GROWTH  OPPORTUNITY EXCHANGE 2017
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  BY KWANELE DHLADHLA  on 14/11/2017 03:55:00


EZULWINI – The Swaziland Stock Exchange (SSX) is in the race for being named
Best Growth Opportunity Exchange – Southern Africa 2017.
Financial Services Regulatory Authority (FSRA) General Manager (GM) Finance and
Corporate Services Gugu Makhanya, who represented Chief Executive Officer
Sandile Dlamini at the first Exchange Trade Funds seminar held at Sibane Hotel
yesterday.
She said SSX had been by Capital Finance International (CFI) for the coveted
award.
Makhanya explained that the awards were not a peer-to-peer exercise.
She mentioned that initial nominations for the awards come from their readers
and subscribers, after which the judging panel determine a shortlist based
purely on merit.
The awards programme identifies true top performance - not based on the size of
the nominated organisation but on excellence.
“We hope SSX works very hard to bring it home,” said Makhanya.
Further, it was explained that SSX had seen it prudent to automate its trading
platform so as to not only provide a fair, efficient and transparent trading
system, but also elevate the SSX to be in line with global trends and enable the
exchange to introduce a wide range of innovative products that speak to both
local and international investors, also to tap into other SADC securities
markets, and expand the exposure of listed securities and investing public.
She also pointed out that the SSX was excitedly waiting to go live next month on
its automated trading platform, which would reduce the tedious work and
complexity of manual trading on the local bourse.
“Stockbrokers are already connected directly to the Automated Trading System
(ATS) for order placement and order-book management. In addition, the system
will be connecting to the Central Bank for settlement of funds through the Real
Time Gross Settlement (RTGS) system platform,” she disclosed.