Capital Markets
Markets where buyers and sellers trade in equity and debt securities such as bonds and stocks and comprise of primary and secondary markets
VIEW VIDEO
Existing security owners sell to other investors on the secondary market. These trades occur on most national securities exchanges or on over-the-counter exchanges.
Most trades are made through authorized brokers or through funds, which include mutual funds, hedge funds, pension funds, index funds, and more.
Investors can buy new security issuances on the primary market. These new issues raise capital for the firm and consist of:
KENYAN CAPITAL MARKETS
The Capital Markets Authority regulates the NSE, fund managers, Central Depository Systems, custodians, investment banks, collective investment schemes, investment advisers, stock brokers, securities dealers, listed companies, credit rating agencies and venture capital Firms.
Although the NSE is a self regulating organization with regards to market listings, its operations are governed by the CMA Act.
There are two depository institutions in the Kenyan Capital Market:
