Wed, Jul 8th, 2009
GSE Online Trading Kick-Starts Next Month
The managing director of the Ghana Stock Exchange Mr. K.S. Yamoah disclosed on Tuesday that online trading of securities will kick-start next month.
The automated trading floor and the electronic clearing and settlement systems (Depository) seeks to end all the inefficiencies associated with manual trading system such as delays during trading and difficulties with keeping paper certificates, mutilation, theft, loss or fake share certificates by investors and stockbrokers. It also means real-time communication with the four registrations of shares ownerships once trading is over.
Investors can use their share account statement in the same way as paper certificates for collateral for loans.
