Online Reporter
Nelson Gahadza
Senior Business Reporter
The Zimbabwe Stock Exchange Holdings (ZSE Holdings Limited) says it will be migrating to a new automated trading system (ATS) and central securities depository (CSD) system on the Zimbabwe Stock Exchange (ZSE) and the Victoria Falls Stock Exchange (VFEX) with effect from November 10, 2025.
Group Chief Executive, Mr Justin Bgoni, said in a statement that the migration will offer various benefits that include improved investor experience through automated processes.
“In preparation for this transition, ZSE Holdings conducted engagements with market participants to gather their input and feedback on the implementation of this important project.
“The system migration is part of ZSE Holdings’ digital strategy, which aims to enhance our infrastructure to offer more products and services to the market,” he said.
In 2015, the ZSE completed its transition from a manual to a more efficient electronic trading system, improving the settlement time, while in 2021, it commenced its central securities depository (CSD) operations as it moved to improve operational efficiencies, reduce costs for participants and make it easier for retail investors to access the market.
A CSD is a facility that holds and administers securities as well as enables transactions to be processed by means of book entry.
According to Mr Bgoni, the transition to new systems also drives the modernisation of market offerings and settlement infrastructure and promotes product diversification for the ZSE and VFEX.
“This will also enhance market surveillance and integrity and enhance security for the ATS and CSD systems. In addition, it will also provide greater scalability and flexibility to accommodate future innovations,” said Mr Bgoni.
Market experts believe the ongoing evolution is set to position the ZSE as a leader in the region, fostering greater investor confidence and participation.
They say that by continually refining its technological capabilities, the exchange is not only responding to current market demands but also anticipating future trends that could reshape the investment landscape.
ZSE Holdings was officially listed on the ZSE Main Board by way of introduction, and trading of its securities commenced on 11 July 2025.
At the listing ceremony, Mr Bgoni said the self-listing enables the exchange to remain competitive in the region, noting that the achievement was part of the ZSE’s transformational journey, which began in 2020.
He said that during the transformational journey, the ZSE built brands that include ZSE and VFEX Markets, ZSE and VFEX Depositories, ZSE and VFEX Direct and the ZSE Training Institute.
