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Derivatives trading at Nairobi bourse to start, banks sign up

The Nairobi Securities Exchange (NSE) will work with three banks to set up a clearing house for its planned offering of derivative instruments from the second quarter of this year, its chief executive said on Friday.

New Chief Executive Officer Geoffrey Odundo told the Reuters Africa Investment Summit the new products would boost liquidity at the bourse, as it seeks to become the third biggest exchange on the continent, up from fifth currently.

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