Institutional investors, managers eye NSE new futures market segment for growth

NIC Capital Managing Director Maurice Opiyo. He says that this will not be a market segment for all but the more sophisticated institutional investors, money managers and owners of the underlying assets.
(PHOTO: COURTESY)

Institutional investors and sophisticated money managers at the Nairobi Securities Exchange (NSE) are set to have an alternative investment platform before the end of this year. This will happen when the bourse rolls out a derivatives market, which was to be in place by June 2015 but has had its introduction pushed to the end of this year.

The bourse has already been issued with an approval of derivatives exchange rules that allow it to draft regulations for the management of the futures market and handling trade disputes.