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Kenya: NSE Signs Up 6-Bank To Clear Derivatives

Nairobi-Security-Exchange

Kenya’s on Wednesday, January 27, announced the signing up of six lenders as clearing for its yet-to-be launched .

The NSE, an entry point for foreign funds keen to tap robust growth in East African economies, has been planning to start offering derivatives trading since last year.

The six are Barclays Kenya, Co-operative Bank of Kenya, CFC Stanbic, NIC Bank, Chase Bank and CBA Bank, the NSE said in a statement.

Its plan to launch a , based on underlying such as currencies and equities, has already received approval from regulator Capital Markets Authority.

The NSE did not state the exact date of launch for the derivatives market.

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