Floor trading gives way to full automation in October

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Complete electronic trading of all shares on the Botswana Stock Exchange is close to fruition following the addition of five more companies on the new Central Securities Depository (CSD) system.

The BSE has announced that as from October 6, Barclays, Imara, Olympia, Furnmart and Sefalana Cash and Carry will be added to the CSD system as the bourse switches from floor trading to automated trading of shares, bringing the total number of counters on the new system to 13.

Apart from MRIB which de-listed from the bourse last week, there  are eight companies whose shares can be traded electronically - Standard Chartered Bank, G4S, RPC Data, ABCH, BIHL, FNBB, Sefalana and Turnstar.

Editor's Comment
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