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Regional financial market - The BRVM registers its first online exchange

17/09/2020
Source : AllAfrica
Categories: Economy/Forex

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"22 years to the day after the start of its activities in 1998, Brvm has just recorded a major technological evolution: automatic order routing," Brvm said in a press release.

To briefly trace the history of the market, the Brvm indicates that our Stock Exchange has moved from centralized electronic listing (entry of orders to the Brvm) to decentralized electronic listing (entry of orders by the Sgi) to lead to date (yesterday Editor's note) to the transmission of orders from mobile phones, tablets etc. of customers, to be routed to the trading system of the Brvm (Online Exchange).

According to the press release, it is a technological evolution that strengthens the position of the Brvm in the concert of innovative exchanges. According to him, it has three main objectives, namely improving market liquidity, reducing order execution times and reducing transaction costs.

"This was an opportunity to salute the remarkable work done by all the stakeholders in the project under the leadership of the Regional Council for Public Savings and Financial Markets Crepmf), the market regulatory authority, which has led to the effective implementation of the online stock exchange," entrusts the document.

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