The Nairobi Securities Exchange (NSE) on Friday launched a mini-derivatives market for retail investors.
Dubbed the Mini NSE 25 Index futures contract, it will appeal to retail investors due to its lower initial margin requirements, the bourse said in a statement issued in Nairobi.
The NSE said the segment will help increase liquidity and encourage exposure to the Kenyan equities market through the equity index futures contracts.
Investors will need 4,500-5,100 shillings (about 42-47 U.S. dollars) to trade at the mini-derivatives market.
According to the NSE, an index futures contract gives investors the ability to buy or sell an underlying listed financial instrument at a fixed price on a future date. Enditem