The Nairobi Securities Exchange has today held a stakeholder engagement forum with commercial banks in preparation to the launch of the proposed hybrid bond market that will combine both onscreen and Over-the-Counter trading of fixed income securities.
The forum enabled the Nairobi Securities Exchange PLC provide a comprehensive overview of the proposed system including the expected benefits such as increased pre-trade transparency through the introduction of a Quotations Board which will significantly increase visibility into market quotes and support more informed trading.
Additionally, The NSE provided regulatory updates and highlighted compliance requirements and best practices to ensure a smooth integration and adherence to regulatory standards.
The Capital Markets Authority- Kenya through its Chief Executive applauded the new bond market reforms that will increase the liquidity of the fixed income market in Kenya.