Nairobi Securities Exchange

MANAGEMENT

• Mr. Kiprono Kittony, Chairman
• Mr. Geoffrey Odundo, Chief Executive
• Mr. Terry Adembesa, Chief Officier - Derivatives Markets

 

AFM CONTACT PERSON

Mr. Terry Adembasa
Chief Officier - Derivatives Markets
tadembesa@nse.co.ke

 

TYPE OF INSTITUTION

Derivatives Exvhange - NSE Derivatives Exchange (NEXT)

 

TRADING OR SERVICE OFFERING

Futures

 

MAIN PRODUCTS

NSE 25 Index Futures
Single Stock Futures

 

EXCHANGE PARTNERSHIPS

United Nations Sustainable Stock Exchanges Initiative

 

MEMBERSHIPS

Association of Futures Markets (AFM)
African Securities Exchanges Association (ASEA)
East African Securities Exchanges Association (EASEA)

 

REGULATORY BODIES

Capital Markets Authority (CMA)
www.cma.or.ke

 

GENERAL MARKET INFORMATION

The NSE Derivatives Exchange (NEXT) is a subsidiary of the Nairobi Securities Exchange Limited governed by the NSE Derivatives Rules, the Capital Markets (Derivatives Markets) Regulations 2016, and the Capital Markets Act Cap 485A, while being under the supervision of the Capital Markets Authority.

This is the first derivatives exchange in Kenya, and second in the African Continent. The NSE Derivatives Exchange will offer futures contracts in equity products, at the initial phase, before expanding into other asset classes such as fixed income, currencies and agricultural commodities once the market gains full traction.

The market is awaiting formal launch envisioned during the year 2017.