This archive report was first published on 5 July 2021.
Published on July 5, 2021, the Nairobi Securities Exchange (NSE) Derivatives Market has grown steadily since its launch in July 2019, despite the economic challenges posed by the COVID-19 pandemic.
The market has seen a significant increase in turnover, growing from KSh 20.5 million in 2019 to KSh 148 million by the end of H1 2021, marking a 668% turnover gain over a similar period in 2020.
According to Geoffrey Odundo, Chief Executive Officer of NSE, the response towards the derivatives market demonstrates the confidence the market has in the face of economic adversity.
"We are proud to cross the two-year mark today and to be an Exchange leading in innovation in line with one of our key priority areas to increase product uptake of our alternative products by our investors," said Odundo.
The NSE has taken several initiatives to enhance the uptake of the derivatives market, including the introduction of real-time market data on the Elektron Real-Time platform offered by Refinitiv, a leading global financial markets infrastructure and data provider.
The NSE has also onboarded several online trading members, including EGM Securities and Scope Markets, bringing the total number to 9. A list of approved trading members can be accessed on the NEXT website.
