IC Securities has moved closer to investors in Ghana’s capital market by introducing an electronic broking platform that allows trading via a web portal and USSD.
The broker’s “Tradelive” platform, launched on Thursday, will enable clients to trade using MTN mobile money, marking a significant step towards enhancing financial inclusion. IC’s brokerage clients can also transact on the system which is linked to the Ghana Stock Exchange conveniently and in real-time.
The investment banking firm demonstrated the new product, the first of its kind on the market, to industry players during a virtual launch, hoping to increase Ghanaian participation on the exchange.
“We are truly grateful to MTN and the GSE for their unwavering support as we developed and sought authorization for this innovative product. We are excited to play an important part in making investing on the GSE convenient and safe,” Chief Executive of IC Securities, Ghana Kwabena Osei-Boateng said during the event.
IC hopes to make the exchange more active and further the excitement seen on the GSE since the start of the year.
The Managing Director of the GSE, Ekow Afedzie, said while Tradelive enhances the ease of trading, it aligns with the exchange’s strategy of collaborating with FinTech’s and Licensed Brokers to develop platforms for investors to trade electronically.
“The platform is expected to boost the daily trading of IC Securities customers, as they will be able to trade securities directly from any mobile device,” the MD said during the virtual launch.
He encouraged other brokerage firms and players in the industry develop more e innovative tools to support the development of the capital market.
“With a rise of a tech-savvy generation, the Tradelive platform should attract an entire generation of active investors to build the right savings and investment culture, that is much needed in the capital market industry to support its growth,” IC’s Chief Executive added.
GSE is best performing in Africa
After a weak performance for three consecutive years, the GSE rebounded with a staggering performance year-to-date.
The Accra bourse has so far returned 41.32 percent in cedi terms for investors, making it the best performing exchange in Africa. The market capitalization was GHC62.6 billion at the close of trading on August 12.
The cedi’s strong performance has also attracted investors to the exchange who are seeking to make more returns.
Sani Abdul-Rahman, GBC News.
