C-Trade outlook remains optimistic: SecZim 

Source: C-Trade outlook remains optimistic: SecZim -Newsday Zimbabwe

THE outlook for C-Trade, a digital platform that provides online trading services, remains optimistic as it continues to attract investors seeking convenience in their investment journey, according to the Securities and Exchange Commission (SecZim).

The digital platform provides online trading services for securities listed on the Financial Securities Exchange, Victoria Falls Stock Exchange and the Zimbabwe Stock Exchange.

Since its launch in 2018, C-Trade has experienced significant growth, with an increasing number of investors and traders using the platform to buy and sell various investment products, SecZim said in its latest report.

“The outlook for C-Trade remains optimistic, with ongoing efforts to enhance accessibility, streamline processes, and provide a user-friendly experience,” the capital markets regulator said.

“The platform continues to attract investors seeking convenience and flexibility in their investment journey. As technology evolves and investor preferences shift, C-Trade adapts to meet the changing demands of the market, ensuring that users have a seamless and efficient trading experience.”

In the second quarter of this year, the platform had 1 308 active users. A total of 8 874 trades valued ZWL$446 million were settled. Trades valued US$103 342 also exchanged hands in the period under review.

Considering the evolving landscape, the report noted that C-Trade is exploring avenues to attract new registrants, providing education and awareness campaigns, and fostering a vibrant investor community as crucial steps in expanding the user base.

Additionally, it seeks to collaborate with market stakeholders to enhance liquidity and diversify the range of tradable assets to further bolster the attractiveness of the platform.

“The platform is expected to continue to grow as more people in Zimbabwe become aware of the benefits of mobile and online trading,” SecZim said.

“As the platform continues to evolve, we will see new features and services added to further enhance the user experience and attract more investors. With its commitment to making investing more accessible and affordable, C-Trade is well-positioned to becomea leading player in Zimbabwe’s financial services industry.”

One of the key drivers of C-Trade’s growth has been its accessibility, according to the report.

The platform allows users to buy and sell various instruments using their mobile phones, making it easier for people to invest and trade on the stock market.

This has helped to democratise access to the stock market, enabling more people to participate in the economy and create wealth for themselves. Another factor contributing to C-Trade’s success, according to SecZim, is its affordability. The platform allows very minimum amounts, making it more accessible to smaller investors. This has helped to attract a new generation of investors who may not have been able to afford traditional brokerage services.

C-Trade has several other features that have contributed to its growth and popularity among investors in Zimbabwe. It has a user-friendly interface that is easy to navigate, making it simple for even novice investors to use the platform.

The platform provides real-time market data, allowing users to stay up to date with the latest market trends and make informed investment decisions. It uses cutting-edge security technology to ensure all transactions on the platform are safe and secure.

C-Trade supports multiple payment methods, including mobile money and bank transfers, making it easier for users to fund their accounts and start trading. It continues to push financial inclusion boundaries as it provides educational resources to help users learn more about investing and trading on the stock market.