InfoTech, a leading technology solutions company, won the contract to automate the trading of stocks and Fixed Income Securities (FIS) at the Malawi Stock Exchange owing to its vast experience in countries within the South African Development Community (SADC) region. According to a press release issued by the said IT company here on Wednesday, the Reserve Bank of Malawi selected InfoTech Private Limited as the vendor of choice to spearhead the campaign-a project funded by World Bank-to supply and install InfoTech's Capizar(r) ATS, a comprehensive suite of trading platform, along with complete infrastructure for the Stock Exchange in Malawi.
This project will usher Reserve Bank of Malawi in the new era of efficiency, growth, development and transparency and enable them to gain geographically independent access to Malawi Stock Exchange. Furthermore, the proposed solution will also address the issue of lack of liquidity and make the process of trading and settlement more efficient than 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."-PR
Copyright Business Recorder, 2017