BSE eyes automated trading of bonds

The Botswana Stock Exchange (BSE) has reiterated the need for electronic centralisation of the bond market in order to promote efficiencies.

It is understood that the issue has become a key priority at the local bourse, considering that worldwide bond markets are being automated.

BSE’s deputy Chief Executive Officer, Thapelo Tsheole told journalists at a business seminar yesterday that although the exchange introduced the automated trading system (ATS) in 2012, no bonds have been traded through this system since then.

Editor's Comment
Botswana at a critical juncture

While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...

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