Dreadnought Capital is working in partnership with the Nairobi Securities Exchange in developing a full spectrum derivatives exchange in Kenya. In close collaboration with the Kenyan regulators and government, Dreadnought Capital was instrumental in the passing of the Financial Act 2013, allowing the formation of a new derivatives exchange.
Securities Trading and Technology (STT) has the contract to supply the Nairobi Securities Exchange (NSE) with derivatives and bond software. STT has subcontracted Dreadnought Capital to supply all facets surrounding the establishment of new markets. All technical installations plus regulations, training and implementation have been completed.
The regulation amendments are being implemented and the NSE Derivatives Exchange is expected to go live in the second half of 2014.