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Trading for bonds slows

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BBMA Secreatary General, Kopano Bolokwe

Botswana Stock Exchange latest market performance report has reported a slow down in the country bond market trading activities.

The bourse’s first half trade of bonds slopped despite increase in the market capitalisation of listed bonds. “The value of bonds traded during the year-to-date period was P523.8 million compared to P755.7 million traded during the same period in 2018,” said the report. However, on the back of government bonds’ re-openings and new corporate issuances, the market capitalisation of listed bonds increased to P15.8 billion compared to P14.6 billion as at the same period in 2018.The report further highlights that the BSE registered two bond listings in the first half of 2019, being the RDCP001 for P47.35 million, and CGL001 for P128.51 million.

Last month, the Botswana Bond Market Association hosted Bond Market Conference under the theme ‘Strengthening the Bond Market to Support the Fiscus and Private Sector Development’ to reflect on the status of the bond market, the progress in addressing impediments and to formulate reforms for further deepening of the bond market. Over 200 delegates attended with speakers from the Macro economic and Financial Management Institute of Eastern and Southern Africa (MEFMI), the International Finance Corporation (IFC) and African Development Bank (AfDB).

On the same occasion, the BBMA officially launched the 5th Anniversary BBMA Publication titled “Understanding the Botswana Bond Market” detailing the history of the Botswana bond market, the achievements of the BBMA, peer comparisons with other bond markets, among other topics. The publication is in line with the BBMA’s strategy of 12 promoting skills development, information dissemination, and investor participation in the bond market.

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6 Best Forex Trading Platforms for Botswana Traders

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Overview

A trading platform is software which is designed to be used for trading purposes. Whether it is the opening, closing, and managing market positions through a broker, which facilitates trades and connects Batswana traders to global markets.

For Batswana traders to get the most and best out of their trading, it is imperative to ensure that traders choose and use a trading platform which will provide the best, most dynamic trading experience and environment.

1.  AvaOptions

This is a proprietary and innovative trading platform developed by AvaTrade, one of the most popular Forex brokers in the industry.

With this trading platform, Batswana traders are provided with complete control over their portfolio. Traders have access to more than 40 Forex pairs and a variety of strategies, spreads, risk reversals, and more.

2.  MetaTrader 4

MetaTrader 4 is one of the most used and popular trading platforms in the industry and offers the trade of Forex amidst other financial instruments.

MetaTrader 4 is free to use on desktop, web, and mobile platforms, and offers traders with a variety of options such as three execution modes, a variety of orders, 30 built-in technical indicators, 24 graphical objects, and more.

3.  MetaTrader 5

MetaTrader 5, an upgrade from MetaTrader 4, is an institutional, multi-asset and multi-functional trading platform.

MetaTrader 5 is free for desktop, web, and mobile use and features MQL5 language, comprehensive price analysis, algorithmic trading options, the ability to open 100 currency or stock charts simultaneously, 80 technical indicators, and more.

4.  cTrader

cTrader is a powerful desktop application which provides Batswana traders with a dynamic, and unique approach towards charting, manual and automatic/algorithmic trading.

cTrader has a user-friendly interface with a community featuring 1000s of indicators, trading robots, and documented educational material in addition to cloud data, 24/7 support, a hi-tech design, and Full STP trading, amidst numerous other functions.

5.  Thinkorswim

Thinkorswim is an innovation of TD Ameritrade which was launched in 2009 and has gained a substantial amount of popularity in recent years.

The trading platform offers traders with access to multiple assets including Forex, options, futures, ETFs, and stocks.

It is a desktop-based platform which offers free research, screening tools, real-time data, and numerous features including access to more than 400 technical studies, 8 Fibonacci tools, the ability to analyse option volumes, strategy back testing capabilities, and more.

6.  ZuluTrade

ZuluTrade is one of the most popular social trading platforms in the industry which is designed for use by all types of traders, from beginners to professionals.

It allows for customization, back testing of strategies, margin call metres, and more. It is one of the most trusted social trading platforms by both brokers and traders alike.

Final Thoughts

It is imperative that Batswana traders get the best from their trading, and to ensure that they are able to refine and improve their trading strategies, trading styles, and other aspects of trading.

It is therefore necessary that Batswana traders make use of the best broker suited for their needs in addition to a top-quality trading platform.

Open a FREE Trading Account here

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Gov’t swiftly acts on BMC

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Government has moved swiftly to place Botswana Meat Commission under the care of a management firm; the move is meant to put the Commission into shape both operationally and financially.

This was disclosed by Finance and Economic Development Minister, Dr Thapelo Matsheka, further stating the BMC is technically insolvent despite having received nearly P1billion as a bailout in recent times. The new management company will run BMC, which is based in Lobatse starting on the 2020/2021 financial year.

The finance minister made it crystal clear that, the move to appoint a caretaker firm for BMC was made to protect the interests of all stakeholders, including farmers. According to Matsheka, the Minister of Agriculture Development and Food Security, Dr Edwin Dikoloti will provide more details on the BMC changes in due course during his committee of supply speech. Government is also proceeding with the conversion of BMC to a company under the Companies Act following the approval of BMC Transition Bill and subsequent repeal of the old Act.

The repealing of the BMC Act has since eliminated the monopoly of the Commission when it comes to beef and cattle export. The repeal has also enabled government to establish a beef regulator which will be responsible for regulating the beef and the cattle sector. “Another aspect of the transition is the ultimate privatization of BMC.

The objective of the privatization of BMC is, among others, to engage the private sector in the ownership and management of the BMC to achieve operational efficiency and profitability, as well as reduce Government’s future financial commitments in the entity. This would be an important process in the transformation of the beef and cattle sector,” noted Matsheka. BMC which is 100 percent owned by government has been operating with losses for many years due to internal and external challenges such as poor supply and Foot and Mouth Disease(FMD).

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