By Oliver Kazunga| A quick access platform has been created for the Zimbabwe Stock Exchange (ZSE) to allow investors and fund managers to enter their orders directly to the Automated Trading System.

This was revealed by the ZSE chief executive officer, Mr Justin Bgoni  who said the direct market access (DMA) facility will be operational with effect from next month.

“The ZSE has launched a DMA facility with effect from June 1, 2019. The DMA facility is offered through various connectivity modes, which permit the trading members of ZSE to provide direct trading terminals to their DMA clients,” he said.

“DMA refers to a platform or mechanism whereby fund managers and institutional investors can enter their orders directly into the Automated Trading System (ATS) through a Client Binding Terminal without manual intervention by the broker.”

He added saying that applications for the DMA facility will be processed through the stockbrokers.

“A buyer can therefore place their own orders to the buy and sell columns instantly, and ‘advertise’ the quantity and price of a stock at which they are willing to trade…

“The Regular Board (REG) lot size has been revised to 100 with a minimum tradable value of RTGS$100 while the Odd Lot is one, with a minimum tradable amount for $0.01,” he said. – State Media