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BRVM - The online stock exchange service is now operational

18/09/2020
Source : AllAfrica
Categories: Index/Markets

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The official launch was made on Wednesday, September 16, 2020, with SGI BOA Capital Securities. The implementation of the Online Stock Exchange is included in the MFR's 2014-2021 strategic plan

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It is a major market innovation and consists, for BRVM, in putting at the disposal of Management and Intermediation Companies (SGI) a technological platform allowing the automatic transmission of stock market orders.

The BRVM has moved from centralized electronic trading (entered at the BRVM) to decentralized electronic trading (entered by the SGIs) to achieve the automatic routing of orders (Online Stock Exchange) to date.

It is a remarkable technological evolution that once again positions the BRVM in the concert of innovative scholarships.

It has three main objectives, namely: improving market liquidity; improving order execution times and lowering transaction costs.

The Director General of the BRVM and the DC/BR, Dr. Edoh, praised the work done by all project stakeholders under the leadership of CREPMF for the effective implementation of the online stock exchange.

He also warmly congratulated SGI BOA Capital Securities, which will be the first to offer this service in the UEMOA zone, and encouraged other SGIs to follow suit as soon as possible.

The launch of the online stock exchange service coincided with the effective start of the activities of the BRVM and the DC/BR 22 years ago, on September 16, 1998.

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