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Financial market The outlook for UMOA-Titres for 2021

05/02/2021
Source : ORISHAS FINANCE
Categories: Index/Markets

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Beyond its actions already known to the public, the Umoa-Titres agency plans to undertake more specific actions for the evolution of the financial market. In an interview with Sikafinance.com, the director of the agency, Adrien Diouf lists the projects for 2021.

On the secondary market for public securities, major projects will be initiated as early as 2021. The Umoa-Titres agency has set itself the objectives of setting up a market agreement, a listing platform and the evolution of this listing platform to the trading platform.
“The secondary market is a major concern for us. It will allow us to broaden the investor base... We also want investments, that is to say, to be able to monetize these securities, once we need them. This is a factor in broadening the investor base and maturity,” says Adrien Diouf, who confides that revitalizing the secondary market is an issue that concerns them and on which they are working.
Thus, he informs that, in addition to all the actions undertaken in terms of capacity building and regulatory frameworks with the support of the Central Bank, this year, the agency will undertake its more specific actions. “The first is the establishment of a market agreement, it is to allow easier dialogue and reduce the time spent on concluding an operation (...) the second is to put in line with the existence of the market agreement, a trading platform”, he informs in his interview.
For him, this means that the actors will agree on certain conditions. Thirdly, Adrien Diouf indicates that “we will evolve this quotation platform into a transaction platform which, in the future, will complete the infrastructure we have today, namely the Sagetil platform, which is a great tool for

settling transactions.”
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