Modes of trading offered on Finsec
FINSEC is focused on reaching every type and size of investors because, by concept, it is designed to demystify the notion that securities trading is meant for the elite.
IT AIMS for an increased participation of different classes of investors, especially individuals, through the integration of common place tools such as Mobile Applications, USSD and mobile money services. Finsec therefore gives an opportunity to the general populace in marginalised and peripheral areas to save money through investments in securities markets.
Apart from serving as an alternative means of accessing liquidity for issuers and traders, Finsec is broadening and deepening the capital market by on-boarding an array of securities that were previously excluded from formal trading. Finsec is introducing modern, globally accepted securities that will expand the local scope of the securities markets.
This new definition of exchange tradable securities increases the possibilities availa- ble to investors for hedging against risk and widens the investors’ chances of earning from a wider spread of investments. Investors keen on buying and selling securities on Finsec only need to open an account with their preferred stockbroker or custodian in Zimbabwe.
Finsec offers various methods of trading including the traditional method whereby an investor calls or visits a securities dealers. A securities dealer is an agent who facilitates the buying and selling of shares on Finsec. The securities dealer then posts the investor’s order on Finsec’s Automated Trading System (ATS).
The Finsec ATS connects all stockbrokers in Zimbabwe and it can integrate with any central depository system developed on standard protocols.
Another avenue for trading on Finsec is the online trading of securities. Finsec harnesses and facilitates electronic trading of a wide variety of securities, thereby formalising marginalised market segments and bringing all alternative trading activities onto a central and organised market place.
Investors throughout the world can trade on Finsec by trading online. They post their orders which are routed to their nominated brokers who then posts on their behalf on the Finsec ATS.
For investors on non- smartphones Finsec provides wide distribution channels through the incorporation of the SMS, Unstructured Supplementary Service Data (USSD). Investors dial a short code which gives them direct access to the market with enhanced efficiency and convenience. With financial inclusion initiatives and mobile technology penetration progressing at an unprecedented pace, Finsec has adopted technology solutions which meets the needs of the modern investor.
Investors on smartphones can access the Mobile App for the trading of securities. Finsec thus, offers various alternatives in the issuance, trading and settlement of a wide array of securities through a new definition of technology that integrates alternative methods of communicating orders and settlement.
The Finsec ATP provides wide distribution channels for issuers through the incorporation of the SMS, Unstructured Supplementary Service Data (USSD), the internet, and mobile money services for the Initial Public Offering (IPO) and secondary issues of securities.
The platform also provides investors with a convenient 24 /7 mechanism to exit their investments using smartphone applications and USSD capable phones
The Financial Securities Exchange (Finsec) is a Zimbabwe registered securities exchange and a member of the Escrow Group. The Escrow Group has interests in the financial services and technology sectors. Corpserve Registrars and Escrow Systems are the other members of the group.
For more information contact: - 2nd Floor ZB Centre, Cnr Kwame Nkrumah and 1st Street - Harare, Zimbabwe - Tel: +263 4 758193 - Email: info@finsec .co.zw - www. finsec.co.zw - Twitter: @FINSECZim