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CAL Brokers launches internet based trading system
Accra, Jan. 23, Ghanadot/GNA – Cal Brokers
Limited on Friday launched a trading platform, which will
provide investors online trading tools and information to
enable them to buy shares, track and monitor performance of
listed securities on the Ghana Stock Exchange.
Known as the i-Broker the internet based system has two
components, the i-trade and i-track.
While the i-trade gives investors access to the GSE to
enable them to place buy and sell orders and also view the
entire market trading activities to enable them to take firm
investment decisions, i-track on the order hand enables
investors monitor their portfolios in real time.
Investors seeking to use the free online service must first
open an account with Cal Brokers either with shares or
funds.
Mr David Tetteh, Chief Executive Officer of Cal Brokers
Limited, said the system was to help end the frustrations of
investors who are usually overwhelmed by the excessive paper
work, delays and bureaucracy in the processes at the back
office and thereby hindering the progress of the market.
“What we offer today to the investing world is the result of
our commitment to make investing on the Ghana Stock Exchange
a hassle-free process,” Mr Tetteh said.
“We have sought to enable people from all over the world to
trade on the GSE just like they would on the New York Stock
Exchange, the London Stock Exchange or the Bourse Dubai,” he
added.
He expressed the hope that the i-broker would open up the
local market to more investors, make trading and monitoring
of stocks easier for existing investors as well as enhance
transparency and liquidity in the market.
Mr. Ekow Afedzie, General Manager of the Ghana Stock
Exchange, said the launch of the trading platform tied in
with the aims of the automation of the Ghana Stock Exchange,
which is to increase efficiency and liquidity to enhance
investor confidence.
He said the automation will change the face of the capital
market through the introduction of new features such as
internet trading, day trading and margin trading among
others.
Mr Afedzie said brokers have the chance to give terminals to
clients to enable them to trade via the internet and was
happy at the launch of the first comprehensive online
trading platform.
Mr Frank Adu Jnr., Chairman of the Ghana Stock Exchange,
said the automation would enable the bourse to bridge the
technological gap between it and other competitors on the
continent.
Mr Kofi Yamoah, Managing Director of the Exchange, said by
February Licensed Dealing Members of the exchange would be
connected to a Wide Area Network to enable them trade from
their offices.
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