Overview
Financial Securities Exchange (Private) Limited (FINSEC) is licensed by the Securities and Exchange Commission of Zimbabwe as a Securities Exchange (Alternative Trading Platform).
FINSEC harnesses and facilitates electronic trading of a wide variety of securities, thereby formalising marginalised market segments and bringing all alternative trading activities on to a central and organised market place. FINSEC provides a world class electronic platform for the issuance, holding, trading and settlement of financial securities.
The exchange is fully automated and integrates all market participants in real time via a robust and state-of-the-art web based technology. The market participants include securities dealers, custodians, asset managers, issuers, settlement banks, market makers, transfer secretaries and regulators.
Why FINSEC?
FINSEC provides a world class electronic platform for the issuance, holding, trading and settlement of financial securities.
EFFICIENCY
FINSEC operates on simplified and market friendly rules that guarantee efficiency and security.
INNOVATION
FINSEC provides the opportunity, technology and a market for modern financial instruments that have hitherto been excluded from Zimbabwe’s capital markets.
FLEXIBILITY
FINSEC offers flexibility to list all or part of the Issuer’s securities or only a particular class or classes of securities
SELF-CONTAINED
FINSEC operates a unique self-contained trading, depository and settlement technology infrastructure providing for seamless end-to-end processes for tailor-made securities.
Who We Serve
Issuers
Eligible entities can bring their currently issued securities onto the Alternative Trading Platform for ease of trading and market based price discovery. Equally, qualifying issuers can raise capital by issuing securities on the Primary Market.
Investors
Individuals, corporates, trusts and other groups such as SACCOs; Cooperatives etc. are eligible to participate on the platform.
Participants
All market operators licensed by the Securities and Exchange Commission of Zimbabwe are eligible to become participants. Subject to the relevant business rules, the following are the eligible participants on the ATP;
i. Securities Dealers
ii. Custodians
iii. Transfer Secretaries
iv. Asset Managers
v. Settlement Banks
Mission
To provide investors and businesses a reliable, efficient, adaptable and forward thinking financial markets exchange, for investment and accessing capital in an organised, fair, efficient and transparent environment.
Vision
To be a preeminent multi asset, multi service financial markets exchange driven by efficiency and innovation.
Core Values
• Integrity • Teamwork • Fairness • Innovation • Adaptability
Road Traversed
FINSEC licensed as a Securities Exchange.
Old Mutual Zimbabwe Limited listing on FINSEC
Infrastructure Development Bank of Zimbabwe Bond Listing
Untu Medium Term Note listing on FINSEC
C-TRADE Launch
GEM Portal Launch
Inaugural Investor Day Conference
United Nations Capital Development Fund (UNCDF) GEM Portal Pilot Test
Marketwide Derivatives Consultation Workshops
Harare Institute of Technology (HIT) Memorandum of Understanding Signing
C-TRADE awarded Best Technology Implementation in Capital Markets
