SGI-Togo allowed to conduct online trading operations on the BRVM stock market

Finance
Friday, 10 December 2021 16:54
SGI-Togo allowed to conduct online trading operations on the BRVM stock market

(Togo First) - The Société de Gestion et d'Intermédiation (SGI-Togo) has been allowed to conduct online operations on the BRVM stock market. It obtained, on Nov 25, the approval of the Conseil Régional de l'Epargne Publique et des Marchés Financiers (CREPMF) to do so.

The firm can therefore launch digital services that enable its clients to directly manage their accounts (invest on the BRVM, check their wallets, etc.). 

It should be emphasized that the SGI (which applied for approval on November 4, 2021) is not the only institution that obtained the BRVM’s approval to use its online tool. The latter, let’s recall, was launched in September 2020, by BOA Capital Securities.  

By allowing several entities to trade on its market, the BRVM aims to modernize faster - using digital tools- and attract more individual investors to foster the private sector’s growth in the region, and boost market liquidity.

Fiacre E. Kakpo

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