NSE turns to Safaricom platform to boost stock trades
Friday February 05 2021
By OTIATO GUGUYU
Safaricom’s #ticker:SCOM internet plan will save stockbrokers nearly a third of their costs and offer a secure network for traders.
The Nairobi Securities Exchange #ticker:NSE has tapped the telco as it upgrades its trading platform to provide a virtual network software that links it, the Central Depository and Settlement Corporation (CDSC) and traders.
NSE is replacing the Multi-Protocol Label Switching network that has been used since 2011 with the Software-defined Wide Area Network (SD-WAN) supported by Safaricom.
“The network interconnects the NSE, the Central Depository and Settlement Corporation and all the trading participants in the market to offer higher trading platform availability,” NSE CEO Geoffrey Odundo said on Friday.