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The Nairobi Securities Exchange has integrated its data for its derivatives market with global data platform Refinitiv, giving investors across the globe a real-time view of the market.


London Stock Exchange listed Refinitiv runs the Elektron Real Time platform that will now carry the updates on the NSE’s single stock futures and index futures products. The integration went live on Monday.


The NSE trades Safaricom, KCB, KenGen, Equity Bank, BAT Kenya, EABL, Bamburi and the NSE 25 index on the derivatives market, dubbed Next.



NSE chief executive officer Geoffrey Odundo said partnering with Refinitiv will help meet international investors’ demand for real time data of the NSE’s derivatives market.


He added that the derivatives market has seen a spike in trading as stockholders look for alternative options in the market and will gain further with the live data feed.


“Partnering with a global data provider will not only attract foreign investors but also improve liquidity in the nascent market by enabling investors make faster and informed decisions,” said Mr Odundo.


He added that since the beginning of this year, interest in Next has increased significantly with market turnover registering Sh24.9 million worth of trades, a gain of 183 percent over the same period in 2020.


“Year-to-date, the increase in trading activity has also led to a 106 per cent increase in average daily turnover,” Mr Odundo said.


Refinitiv is one of the world’s largest providers of financial markets data and infrastructure with $6.5 billion (Sh714 billion) in revenues and over 400,000 users across 190 countries.


The NSE last week announced it had integrated its bond system with Refinitiv’s Fixed Incomes Call Outs (FICO) to automate workflows and facilitate negotiations and agreements.


The bourse said that this will result in seamless trading of bonds, support accurate price discovery, enhance market liquidity and improve monitoring and transparency.


Business Daily Africa