Published on August 27th, 2015 | by Talha Dar0
Trading Platform By InfoTech Goes Live at Zimbabwe Stock Exchange
InfoTech Group, a leading Systems Integrator and technology solutions provider, completed the Trading System Transformation at Zimbabwe Stock Exchange (ZSE) as it went live and ushered ZSE in a new trading era. The agreement for a turnkey deployment of Automated Trading with the Zimbabwe Stock Exchange was signed back in 2014 to enable all transactions to match international best practices and standards of operation in terms of efficiency, transparency, fairness and cost effectiveness.
The new trading platform Capizar® ATS, marks the beginning of a new era for Zimbabwe’s capital markets, replacing the previously used manual trading system since 1896, where ZSE carried out a large number of tasks using excel and other basic packages. This smart move is expected to influence a rise in aggregate turnover as well as volumes traded. International markets all over the world reacted positively to such developments ultimately leading to increase average daily turnover levels.
ZSE is powered with globally recognized InfoTech product Capizar® ATS, a comprehensive suite of Trading Platform. This project has ushered Zimbabwe Capital Market in the new era of efficiency, growth, development and transparency.
Commenting on the occasion, Naseer A. Akhtar, CEO of InfoTech said,
“It is a privilege to work and represent Pakistan on an international platform. We are extremely proud of the expansion InfoTech has made in international markets, being one of a kind Pakistani company to lodge work with various global clients. I would also like to congratulate Zimbabwe Stock Exchange and wish them success in this new epoch of automated trading.”
Established in 1995, InfoTech is now a recognized market leader in Business & Information Management Consulting, Technology Solutions Provisioning, Systems Integration and Outsourcing Services. Info Tech specializes in delivering business solutions to Enterprises and Governments. InfoTech primarily focus on serving Financial & Capital Markets, Telecom, Power & Utilities Industries, and e-Governments having its own products for Capital Markets, Banks and Governments Revenue Agencies & e-Governments.
InfoTech is also a strategic technology partner with other leading IT companies of the world like IBM, Microsoft, Oracle, Siebel, Cisco, CA, Huawei, McAfee, and it provides InfoTech with distinct advantages to remain as a “Dependable & Trusted” technology partner.