And in this regard, the Government through the World Bank funded Financial Sector Technical Assistance Project (FSTAP), plans to automate trading on the Exchange are at an advanced stage. It is envisaged that successful implementation of these projects will enhance market efficiency, improve market visibility and increase market liquidity.
In addition to allowing efficient trading and settlement, the systems will enable surveillance and risk control by many market participants. Another development in the pipeline is a central securities depository system for corporate equity and debt instruments to provide electronic issuance and custody of financial instruments to enable efficiency, reliability and security of the transactions in the market.