CMA to expand over the counter bond trading

Capital Markets Authority (CMA) Chief Executive Officer Wycliffe Shamiah.

Photo credit: File | Nation Media Group

The Capital Markets Authority is overseeing the expansion of over-the-counter bond trading in the secondary market as part of measures to establish a reliable yield curve by reducing inefficiencies.

According to the capital markets regulator, the initiative will include easing licensing for securities dealers who primarily engage in the over-the-counter (OTC) bond market where buyers and sellers engage directly including negotiating prices.

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