Tuesday September 22 2015
News Source: Global Exchanges
Focus: Trading Systems and Technology
Type: General
The Ghana Fixed Income Market Governing Committee (GFIMGC) has announced the launch of the Bloomberg E-Bond trading and market surveillance system, a new electronic trading system, for Ghanaian fixed income securities. The new system commenced operations on Monday, August 17, 2015. The GFIM, a market operating under the securities market licence of the Ghana Stock Exchange (GSE), acts as the sponsor of the Bloomberg E-Bond system.
The Bloomberg E-Bond system provides electronic trading and market surveillance tools for participants in Ghana’s US$ 7.7 billion (GHS 28.9 billion) fixed income securities market. The system will be the primary execution platform for the secondary trading of all fixed income securities under the newly-established market, GFIM.
The Bloomberg E-Bond system provides a complete, consolidated marketplace for Ghanaian fixed income securities, offering market participants a robust and flexible set of tools supporting the full trade workflow. This includes pre-trade price discovery and analytical tools, the ability to handle both multi-dealer request-for-quote (RFQ) and order trading, straight-through processing (STP) functionality and integrated trade capture and reporting tools. In addition, market oversight entities and regulators can use the system to review market activity and audit transactions.
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