In order to improve operational and financial efficiencies the Dar es Salaam Stock Exchange (DSE) appoints a South African software company Securities and Trading Technology (STT) to upgrade its trading technology and introduce new investment services.
According to STT press release, the company will upgrade the Dar es Salaam Stock Exchange in terms of integrated trading, clearing and settlement technology, which would facilitate the DSE in achieving its goal of having fully automated Central Securities Depository, Risk Management and Trading systems.
It will also enable the DSE to launch new services such as real estate investments, exchange traded funds derivatives, SMS mobile and internet trading, and joining of national payment system.
The CEO of DSE Mr Moremi Marwa is pleased with the upcoming partnership: “We are delighted to partner with STT in our endeavour to transform our exchange into being a focus for enterprises and government long-term fundraising and a vibrant platform for value and liquidity creation to investors”.
Managing Director of STT Mr Michael Janke is also looking forward to the cooperation.
The Dar es Salaam Stock Exchange was established in 1998 and currently has a market capitalization of USD 10,640.07 million (TZS 17.3bn) , 18 listed companies, and around 185,000 investors.
To learn more about DSE performances read TanzaniaInvest.com exclusive interview with Moremi Marwa CEO fo Dar Es Salaam Stock Exchange.