THE Committee of Southern Africa Stock Exchanges says it will explore technological ways of linking trading and order systems of Sadc stock markets, committee chairperson Mrs Beatrice Nkanza has said.
This would help to increase the effectiveness of Sadc's 10 stock exchanges.
Mrs Nkanza, who is also the chief executive of Lusaka Stock Exchange, said the committee was working closely with various Sadc institutions to support development of regional systems, including payment and was expected to boost visibility of trading data and enhance its joint website.
CoSSE members are Botswana Stock Exchange, Malawi Stock Exchange, Stock Exchange of Mauritius, Bolsa de Valores de Mozambique, Namibian Stock Exchange, South Africa's JSE Ltd, Swaziland Stock Exchange, Dar es Salaam Stock Exchange of Tanzania, Zambia's Lusaka Stock Exchange, and the Zimbabwe Stock Exchange.
"Stock exchanges have their roles cut out in each of our economies to augment our governments' efforts to grow national economies for the greater good and as part of the Sadc region's struggle for growth to escape poverty," said Mrs Nkanza.
"They are the channel for long-term risk capital, which is urgently needed for the region's businesses, infrastructure providers and even governments. They also encourage saving and investment.
"CoSSE members are working closely together to support Sadc initiatives and to make individual markets even more effective".
CoSSE was set up in 1997 as a collective body of the stock exchanges in Sadc.
It promotes co-operation and collaboration between member stock exchanges and is resourced by a secretariat, supported by the JSE.
Sadc defines CoSSE's role in the Finance and Investment Protocol and other policy documents and CoSSE has links to ministerial and senior treasury bodies which works with the Committee of Insurance, Securities and Non-Banking Financial Authorities and the Committee of Central Bank Governors.