"Place Buy & Sell Orders On The Nairobi Stock Exchange Via SMS" Sounds like an email scam, doesn't it? Well, it's not. Kenya's stock exchange has just taken a big leap forward:
The Nairobi Stock Exchange continued its technology advance with the introduction of buy and sell orders via mobile phones. Last week, Standard Investment Bank introduced a Short Message Service (SMS) for its clients to place orders.
James Wangunyu, Executive Chairman of the bank, said the EasyHisa
mobile product offers convenient services and comes in response to the
call from the Capital Markets Authority to embrace technology.
The Central Depository and Settlement Corporation, which offers custody
services, also has an SMS update for investors interested in tracking
their shares and following their performance. Several market
stakeholders offer online services for placing and executing sale and
buy orders from clients, but many retail investors apparently do not
have easy Internet access.
Standard Investment Bank assures clients that the SMS service is secure
and they provide confirmation within the hour. Trading at the NSE has
grown over time and moved from open outcry to a successful automated
trading system in 2006, according to a report on afrigrow.com.
Read it @ Africa News