IC Securities (Ghana) Limited (“IC”) has launched an electronic trading platform, called “Tradelive”, which features trading via a web portal and USSD.
The USSD trading feature is the first of its kind in the Ghanaian capital market.
This innovative tool is duly authorized by the Ghana Stock Exchange (“GSE”) and allows brokerage clients of IC to transact on the Tradelive platform that is also linked to GSE conveniently and in real-time. A virtual launch event held saw a demonstration of the new product which can be accessed via www.wealth.ic.africa or on the MTN Mobile Money platform.
The Chief Executive Officer of IC Securities (Ghana) Limited, Kwabena Osei-Boateng, said: “we are truly grateful to MTN and the GSE for their unwavering support as we developed and sought authorization for this innovative product. We are excited to play an important part in putting investing on the Ghana Stock Exchange within the convenient and safe reach of millions of Ghanaians.”
In his remarks, the Managing Director of the GSE, Ekow Afedzie said: “the Tradelive platform is an innovative tool by IC Securities, developed to assist investors trade easily on the GSE platform to bring more convenience and real-time speed for trading. The platform is expected to enhance the daily trading of IC Securities customers, as they will be able to trade securities directly from any mobile device, which aligns with GSE’s strategy of collaborating with FinTech’s and Licensed Brokers to develop platforms for investors to trade electronically.”
“As we commend IC Securities for this timely initiative, we would like to encourage other brokerage firms and players in the industry to emulate same and develop more innovative tools to support the development of the capital market”, he added.
With a rise of a tech savvy generation, the Tradelive platform should attract an entire generation of active investors to build the right savings and investment culture, that is much needed in the capital market industry to support its growth.
Source: Joy Business