The Botswana Stock Exchange (BSE) intends to install a new Central Securities Depository (CSD) system, Automated Trading System (ATS) and a stock market simulator to transform the local bourse.

The financial institution believes the technology will improve efficiency and attract equity.

“In 2022 and the years ahead we anticipate to materially reap the benefits of the investment in technology,” said BSE CEO Thapelo Tsheole.

The new CSD system features a management settlement guarantee fund, identifiers for companies and instruments, IPO processing, AGM e-voting for listed entities, repo management and online investor access.

Tsheole added that the technology transformation and introduction of new products and services will encourage investor activity.

BSE’s technology transformation is one of the key pillars of the bourse’s new five-year strategic plan (2022-2026) that seeks to make the BSE “a world-class securities exchange, particularly in the frontier markets space.”

Some of the new products to be expected on the bourse this year include global depository receipts - a bank certificate issued in more than one country for shares in a foreign company and commercial paper, an unsecured, short-term debt commonly issued by companies to finance their payrolls, payables, inventories, and other short-term liabilities.

BSE’s technology transformation is one of the key pillars of the bourse’s new five-year strategic plan (2022-2026) that seeks to make the BSE “a world-class securities exchange, particularly in the frontier markets space.”

“These technology infrastructure developments will significantly transform the landscape going forward, and we equally expect that they will contribute materially to the bottom line,” added Tsheole.