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BADEX brings enormous benefits
| Lusaka recently saw the launch of the newly established Bond & Derivatives Exchange (BADEX) Zambia Plc. This is an exchange that has been setup with the view to provide a platform for trading in bonds derivatives. Domestic private sector investors will be able to buy and sell corporate bonds and commercial paper. Secretary to the Treasury, Fredson Yamba speaking at the occasion said the launch of BADEX marks a significant potential high point in the economic and financial history of Zambia. ‘By launching this exchange Zambia becomes one of the few Southern African Development Community (SADC) member states, after South Africa and Mauritius, to establish a formal standard securities exchange for trading in an assorted range of bonds, equity, commodities and derivatives on one platform.’ BADEX was incorporated and licensed by the Securities and Exchange Commission in January 2012. It have signed an agreement with Securities & Trading Technology (STT), PTY of South Africa, a company that has supplied and installed cutting edge, state of the art technology for the exchange. The 5-year contract with STT will provide BADEX with financial market software systems and solutions, enabling it to respond to trades in real time. | |
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