Cross-border trading is set for a lift as the African Securities Exchanges Association has signed a contract to roll out an African Exchanges Linkage Project link technology platform for routing orders and trade confirmations among stockbrokers on NGX and six exchanges.
The AELP is a joint initiative by ASEA and the African Development Bank , aimed at unlocking Pan-African investment flows, promoting innovations that support diversification for investors, and addressing depth and liquidity in the markets. He said the work of the AELP is significant, as it will ultimately boost Pan-African investment flows, promote innovations that support the diversification needs of investors in Africa, and help address the lack of depth and liquidity in Africa’s financial markets.
Equity investments available include Africa’s most promising and profitable businesses as well as some global leaders among more than 1,050 companies listed.
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