The brokerage firm EFG Hermes Kenya has launched an online equity trading portal, EFG Hermes One.
The platform offers retail investors “transparent and convenient” stock trading on the Nairobi Stock Exchange (NSE) – thereby improving investor access to capital markets.
“With capital market trends showing increasing interest from retail investors, we aim to increase access and awareness to capital markets to foster better equity trading in Sub-Saharan Africa,” Ali said. Khalpey, Managing Director of EFG Hermes Frontier.
He said expanding into the retail space is part of the company’s commitment to expand its services across Africa.
EFG Hermes Kenya seeks to capitalize on the high penetration of mobile telephony to meet the needs of investors.
NSE chief executive Geoffrey Odundo said the portal allows retail investors to buy and sell stocks as well as settle trades in a single day.
“This move is an integral part of our drive to open up the market to increased retailer participation, to see more stocks listed on the NSE and to increase the value of our stock markets to 50% of Kenya’s GDP,” he said. declared Odundo.
Portal users can access real-time stock quotes, place, track, review, modify and cancel open orders.
EFG Hermes Kenya Equity Manager Muathi Kilonzo said the portal will create more opportunities for retail and institutional investors.