NSE (Nairobi Securities Exchange) Board of Directors, Management and Staff have congratulated its Chief Executive Officer, Frank Lloyd Mwiti, on his appointment to the Supervisory Board of the Association of Futures Markets (AFM).
This prestigious global governance and strategic leadership appointment strengthens Kenya’s voice in international capital markets and provides a platform to help shape the future of derivatives markets globally.
As the NSE continues to execute its ambitious 2025-2029 strategy, Frank’s appointment in this important global role will further strengthen efforts to deepen Kenya’s derivatives market, which is already witnessing historic growth.
Frank is expected to provide strategic oversight to the global futures industry; contribute to governance and policy direction; guide the association’s long term development; represent interests of member exchanges and market infrastructures and help shape the future of derivatives market globally.
The Association of Futures Markets (AFM) is a not-for-profit association formally established in 1998 in Buenos Aires, Argentina by 10 founder / members: Budapest Commodity Exchange, the Central Clearing House and Depository Ltd. of Budapest, the Romanian Commodities Exchange, the Buenos Aires Futures Exchange, the Amsterdam Commodity Exchange, South African Futures Exchange, the Warsaw Commodity Exchange, and the Malaysian Derivatives Exchange.
The prime objectives of the Association were to promote and encourage the establishment of new derivative and related markets and to organize international conferences to promote communication among members enabling them to strengthen their relationship and to transfer and share information and experience.
This has since become the underlying ethos of the AFM which has become increasingly important in today’s fast moving markets.
Full members of AFM include Agricultural Commodity Exchange, A3 Mercados, Baymarkets Clearing System, Budapest Stock Exchange, Connamara Technologies, Davies Consulting, Dubai Gold and Commodities Exchange, Euronext, Ghana Commodity Exchange (GCX), Indonesian Commodity and Derivatives Exchange, Johannesburg Stock Exchange (JSE), KELER CCP, Nairobi Securities Exchange, National Commodity & Derivatives Exchange Limited, Pakistan Mercantile Exchange, Revolution Market Capital Ltd, Romanian Commodities Exchange, Securities and Trading Technology, Sofia Commodity Exchange, Taiwan Futures Exchange, Thailand Futures Exchange, Trading Technologies, and Uzbek Commodity Exchange.
NSE Derivatives Market
NEXT is the Nairobi Securities Exchange (NSE) derivatives market that facilitates the trading of futures contracts in the Kenyan market. NEXT is regulated by the Capital Markets Authority (CMA).
NEXT was established as a result of increased integration of the Kenyan financial markets with international markets; Increased volatility in asset prices in local and international financial markets; The need for more sophisticated risk management tools and strategies; The need to broaden and deepen Kenyan financial markets.
NEXT enables investors to trade in Equity Index Futures and Single Stock Futures.
Leave a comment