SECZ licenses first alternative trading platform

The Securities Exchange Commission of Zimbabwe (SECZ) has licensed Financial Securities Exchange (Pvt) Limited (Finsec) to operate the first alternative trading platform, a move set to diversify stock market’s trade platforms.

In a Government Gazette published last week, SECZ chief executive officer, Tafadzwa Chinamo said Finsec was registered on September 27.

The licensing follows the gazetting of the Alternative Trading Platform rules in Statutory Instrument 100 of 2016, which were gazetted in August giving the capital markets regulator the mandate to licence alternative trading platforms.

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