The Trinidad and Tobago Stock Exchange Limited (TTSE) has announced the launch of its online trading platform, TOP (TTSE Online Platform), which allows for the buying and selling of securities online.
In a release the TTSE noted that the online trading platform, which went live on July 31, is one of many strategic initiatives the Stock Exchange has in the pipeline, and aims to provide a more efficient and faster means to stock trading.
TTSE Chief Executive Officer, Amoy Van Lowe said: “TOP is most definitely a game-changer for the investing population, as it allows for the empowerment of new and existing investors, the stimulation of trading and the growth and evolution of the local stock market.”
Through TOP, she indicted an investor can buy and sell any security listed on the TTSE, such as stocks, mutual funds and corporate bonds, with the only exception being Government Bonds.
Investors with a TOP account may access the platform from any electronic device, by logging on to top.stockex.co.
TOP allows investors to enter orders 24 hours a day, seven days a week.
Once an order has been placed outside of Market Pre-Open Hours (8.00am to 9.30am) or Market Open Hours (9.30am – 12 noon), the order will be queued and executed at the start of Market Pre-Open Hours on the next trading day.
Additionally, TOP also allows the user to view real-time movements in their portfolio and the stock market, and manage multiple trading accounts on the platform.
Van Lowe added that the TTSE recognized the need for change on the local stock market and this is evident through its new brand identity and website, which it launched at the end of July 2020.
She noted that the TTSE’s goal is to widen the trading options for existing investors and additionally, to attract and engage new investors to trade on the stock market.
According to Van Lowe: “Realistically, Millennialist s and Generation Z, are the future investors and entrepreneurs in T&T and it is important that we adapt to meet their expectations and that of the market.”
With the shift in digital technology over the past decade and more, Van Lowe expressed that online accessibility is key to making the next investment move and acknowledged that the TTSE supports that, especially with TOP.