BRVM launches first online trading platform BOAKSDIRECT

Finance
Wednesday, 16 September 2020 16:24
BRVM launches first online trading platform BOAKSDIRECT

(Togo First) - SGI (Société de Gestion et d'Intermediation) BOA CAPITAL Securities, launched on Sept. 16 its online trading platform, the first of its kind on the Regional Stock Exchange.

The platform, which was launched by videoconference, will enable users to issue stock market orders directly, consult their portfolio 24/7, and access financial information on listed securities and economic news of the WAEMU zone - all with a few clicks. With this major innovation, WAEMU investors will be able to buy or sell shares without resorting to the SGI.

“The online stock exchange makes it possible "among other advantages to improve market liquidity and reduce transaction costs,” said Dr. Edoh Kossi Amenounvé, CEO of the BRVM. He hopes that by 2020, at least 10% of stock market transactions will be carried out online and encourages other SGIs to follow the trend and complete their digitization latest by January 2021.

Séna Akoda

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