Ghana Stock Exchange partners Thomson Reuters for live transmission
Ghana Stock Exchange (GSE) on Wednesday, launched a new partnership programme with Thomson Reuters, for the live transmission of its proceedings, to help increase equity trading opportunities for both its local and global clients.
Mr. Kofi S. Yamoah, Managing Director of GSE, said the transmission of real-time data from Ghana’s Stock Exchange on proceedings such as the bid and ask price, volumes, latest trades, information on equities and the GSE All Share Index, would enhance accessibility by global investors thereby reinforcing market transparency.
He said more than 35 securities were currently listed on the GSE and the transmission of timely trade information on the GSE would enhance accessibility by global investors and further help in solving challenges pertaining to liquidity, efficiency and competitiveness.
Mr. Yamoah thanked the management of Thomson Reuters for signing on to the partnership which would also place Ghana in the global limelight.
He expressed the GSE commitment towards ensuring the timely dissemination of market information and also welcomed other forms of relationships that could propel it to improve upon the attractiveness of Ghana’s stock market to investors.
Mr. Busisa Jiya, Senior Company Officer for Africa, Thomson Reuters, said Ghana was the latest African exchange to switch to real-time data, following Kenya’s Nairobi Stock Exchange and the Nigerian Stock Exchange.
He explained that the development by Thomson Reuters allowed global clients to make effective trading decisions using real time prices and increases the equity trading opportunities for global clients who were investing in Ghana.
Mr. Jiya said Thomson Reuters was the world’s leading source of intelligent information for businesses and professionals and combined expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets.
He expressed the company’s commitment to Africa and to introducing more real-time data feeds to other African stock exchanges as the financial markets developed.
Source: GNA