The Botswana Stock Exchange (BSE) hosted the January 2020 edition of the Opening Bell Ceremony on 15th January, 2020 at Liquidity Park with news that the bourse is making concerted efforts to embrace digital technology as a growth path. Monitoring the stock market means different things to different people. Some investors want an easy way to know when stocks hit certain prices so they can enter that particular market and buy shares. Others want to monitor activity constantly throughout every day, in real time, with updates to every price fluctuation.
Speaking during the bell ringing ceremony, the BSE Chairman Retired Lt, General Tebogo Masire said they were, as an organisation, cognizant of the need to move with the times. “On the technology side, the BSE and the Central Securities Depository Botswana (CSDB) commenced the implementation of a new CSD system that comes with new functionalities such as Securities Borrowing and Lending (SBL), management of the Settlement Guarantee Fund, IPO processing, E-Voting for listed entities, repo management and online investor access, among others. The project commenced in the first quarter of 2019 and will be concluded in 2020. The BSE also embarked on a project to launch data display screens, website and mobile application all of which will be launched in 2020.”
The new website and mobile app, that project is well underway he said.
“Expectation is that the new, revamped BSE website and mobile app will be both live operational by the beginning of Q2. The two data display screens have already been mounted. One by the BSE reception area and one in the heart of the CBD by Zambezi Towers. The project commenced last year October and will be completed by the end of February as final tests are being carried out on the outdoor ticker. Once the project is complete, the screen will be able to disseminate stock market prices as well as advertising for the outdoor ticker,” said the BSE chair.
In 2014, the BSE did a trial run of its Exchange News platform which was meant to be a platform for customers to share information pertaining to listing and related issues through emails. A statement posted by the bourse then explained the functionalities of the x-news thus: “The Botswana Stock Exchange (BSE) shall dispatch X-News Email Alerts by email to the email address(es) provided by the subscriber as set out above within 15 minutes of any announcement being uploaded on the BSE website.
The X-News Email Alerts shall consist of an internet website link to an announcement. The cost of this service is P3, 360 per annum (including VAT), paid in advance at the time of signature of this form. All rights in the content, materials and software which are made available via the X-News Email Alert service including, without limitation, the design and arrangement of such content and software are owned, controlled or licensed by or to the Botswana Stock Exchange and are protected by all applicable laws of the Republic of Botswana or international intellectual property laws.
You may only use the X-News Email Alert service for lawful purposes. You may not use the X-News Email Alert service: in any way that breaches any law or regulation; in any way that is unlawful or fraudulent, or has any unlawful or fraudulent intent purpose or effect; to transmit, or procure the sending of, any unsolicited or unauthorized advertising or promotional material or any other form of similar solicitation (spam); to knowingly forward X-News emails in order to distribute any material that contains viruses, Trojan horses, worms, time-bombs, keystroke loggers, spyware, adware or any other harmful programs or similar computer code designed to adversely affect the operation of any computer software or communications network or hardware.”