20 Feb InfoTech to deploy turnkey automation at Malawi Stock Exchange
InfoTech continued its leadership in the Capital Markets technology space in Africa by winning the contract to automate the trading of stocks and Fixed Income Securities (FIS) at the Malawi Stock Exchange.
The Reserve Bank of Malawi selected InfoTech to supply and install InfoTech’s market leading Capizar® ATS product, along with hardware infrastructure for the Stock Exchange in Malawi. The World Bank funded the project and proposed solutions had to be both cost effective and robust. Capizar® is an award winning suite of products specifically designed by keeping in view the modern challenges and strategic objectives for emerging markets. Supported by seasoned Capital Markets business and technology staff members, Capizar® is a blend of the proven industry experience, solid technical background and state of the art implementation, serving end to end requirements of the clients. InfoTech will also deploy a future proof high end computing hardware infrastructure that will optimize Capizar’s performance.
This project will usher Reserve Bank of Malawi into the digital age. It will make its Capital markets inclusive, accessible and help start a new era of efficiency, growth, development and transparency. The proposed solution will also address the issue of lack of liquidity and make the process of trading and settlement more efficient than ever before.
Amir Raza Khan, VP & Head of Capital Markets BU at InfoTech, commented, “It is a privilege to work and represent Pakistan on an international platform. We are extremely proud of the expansion InfoTech has made in African markets especially in the SADC region. I would like to congratulate the Reserve Bank of Malawi and wish them success in this new era of automated trading and hope this new direction will influence a rise in aggregate turnover as well as volumes traded.”