Nairobi Securities Exchange
- 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
TYPE OF INSTITUTION
Derivatives Exvhange - NSE Derivatives Exchange (NEXT)
TRADING OR SERVICE OFFERING
NSE 25 Index Futures
Single Stock Futures
United Nations Sustainable Stock Exchanges Initiative
Association of Futures Markets (AFM)
African Securities Exchanges Association (ASEA)
East African Securities Exchanges Association (EASEA)
Capital Markets Authority (CMA)
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.