Strate supports Equity Express Securities Exchange in opening its bond market

Strate is pleased to have supported Equity Express Securities Exchange (EESE) in opening its bond market to multiple participants and operationalising its bond licence. 

The operationalisation of the bond licence, issued by the Financial Sector Conduct Authority in March 2023, allows EESE to list bonds and notes, which Strate will clear and settle. 

Strate is providing EESE with a suite of security services that include registry, settlement, asset and integration services. All of these are critical to the effective functioning of the security services ecosystem, thereby promoting interoperability, enabling efficiencies, and mitigating systemic risk for EESE.  

“As a trusted client of Strate, EESE is delighted to be intelligently innovating in bond trading services and integrating its trading platform directly with Strate’s proven corporate bond market system. We truly hope this collaboration between our organisations yields results for all participants in the corporate bond market,” said Anthony Wilmot, EESE Chief Executive Officer. 

“We are thrilled to have successfully onboarded Equity Express Securities Exchange as we continue to deliver on our purpose of serving the South African financial markets,” said Gregory Naicker, Strate Head of CSD Services.  

Strate is dedicated to working closely with its stakeholders to introduce digital solutions to meet the evolving needs of the ecosystem. For more information, please email csd-services@strate.co.za.