BOA CAPITAL Securities launched this Wednesday, September 16, 2020, anniversary of the effective start of the BRVM and the DC/BR, its transactional site BOAKSDIRECT, the 1st online trading site of the WAEMU regional stock market. The event took place by videoconference, in the presence of Ripert Bossoukpe, Secretary General of CREPMF and Dr Edoh Kossi Amenounve, CEO of BRVM.

BOAKSDIRECT is a secure online trading platform entirely designed to provide an intuitive digital customer experience. Thanks to this innovation, you can access the BRVM stock market in just a few clicks and from anywhere, to place stock market orders directly, consult your portfolio 24 hours a day and benefit from rich and news on listed securities and economic news in the WAEMU zone.

A historic development

This is a “historic” development, recalls Dr. Edoh Kossi Amenounvé, who recalls that the online stock exchange allows, among other advantages, to improve market liquidity and reduce transaction costs”. "We hope that in 2020 we will have at least 10% that will go through online transactions," he said. For his part, the secretary general of CREPMF, the UEMOA financial market authority, recalled the context: “through this launch, I hope to see a full operationalization of the online stock exchange on the regional financial market. of WAMU in January 2021 in accordance with the timetable agreed last July with the stakeholders”.

To do this, continues Ripert Bossoukpe, “I urge the actors to become more involved and to encourage the sharing of experience in order to facilitate the effective enrollment of all SGIs on the set deadline”.

The launch of BOA Capital Securities' online stock market comes one day after the listing of the FCFA 100 billion bond loan from the operator Sonatel, a record for a corporate loan, 25% of which was subscribed by foreign investors. . BOA Capital Securities' online stock market is also announced 24 hours before the first listing of NSIA Banque CI's FCTC, which will close a week of dynamism and innovation in the most integrated in Africa.

The BRVM has gone through several stages since its launch on September 16, 1998, from fixing to continuous listing, from centralized order entry to decentralization of entry, up to automation of entry with automatic transmission via the MIS system. Given the penetration rate of telephony and particularly smartphones in West Africa, the dematerialization of the process should attract the savings of thousands of households from WAEMU and other horizons at the level of the rating. The Treasuries of the 8 States will access a larger and deeper financial surface.