Go-Live for NSX bond trading system

The Namibian Stock Exchange (NSX) celebrated a momentous and long-awaited project with the Go-Live of the bond trading system on 13 October 2023.

The Chief Executive Officer (CEO) of the NSX, Tiaan Bazuin, stated that “NSX is very pleased with the addition of our own bond trading system, to enhance the capabilities of the exchange to facilitate safe and regulated trading in the bond space in Namibia. This is also an expansion of our market participants as some of the banks in Namibia are now also capable of on-market trading together with some of the Stockbroking community. Increasing on-market trading of bonds has been a goal of the Southern African Development Community (SADC) Finance protocols and we hope to see wide adoption of on-market bond trading. Use of the system should lead to more liquidity and grow the market in the long term. The NSX is committed to deepening and diversifying the Namibian capital market and is preparing for a bright economic future”.

Securities & Trading Technology (STT), a global financial market software solutions service provider, delivered the bond trading system platform.

Michelle De Beer, Managing Director of STT said: “We are delighted to have partnered with the NSX, all teams have put in an enormous effort to take the market live today. Congratulations to NSX on achieving this successful milestone”.