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NAIROBI: Local and international investors will be able to trade in derivative contracts at the Nairobi Securities Exchange (NSE) starting this year. The bourse yesterday invited proposals for the 12-member committee which will serve as the inaugural board of the Derivatives Market Oversight Committee.
“The exchange is required to set up the oversight committee which is an independent committee of the NSE that will advise the board on risk, strategy issues and oversight roles relating to the NSEs Derivatives Market and the NSE Clearing House, stated Mr Andrew Wachira, NSE’s acting CEO, in a statement.
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