EABX

EABX PLC is a Kenyan financial market infrastructure company that describes itself as a regional market organizer established to consolidate the fixed income and money markets in a transparent, responsible and transformative way. It is positioned as a strategic market infrastructure organization providing market integration through a seamless flow of executions from pre-trade to post-trade. The company states that it was birthed by market stakeholders who saw a need to design a more robust and interactive market infrastructure that promotes electronic trading and catalyzes efficient market intermediaries' settlement and clearing. EABX operates as an over-the-counter (OTC) securities exchange with self-regulatory organization (SRO) capabilities. It is duly licensed by the Capital Markets Authority of Kenya. Its activities span three main areas: a trading business that will operate as a securities exchange providing secondary trading, membership, listing and market data services for debt securities; a regulatory function that will lead policy implementation, improve transparency and price discovery along the trade cycle and aid risk-based supervision; and market development that introduces new market infrastructure to Kenyan and regional OTC bond markets and works with market actors to offer improved new products. The organization's stated mission is to empower sustainable financial markets development in East Africa through building trust, enhancing transparency and promoting enforcement. Its vision is to create a vibrant and globally competitive financial sector that economically empowers East Africa. Its core values are integrity and enforcement, transparency and trust, partnership and collaboration, and innovation and integration. EABX's history is embedded in Kenya's Vision 2030 to develop the capital markets and enshrined in the Capital Markets Master Plan. A Project Steering Committee composed of two commercial bank CEOs, the Chair and Vice-Chair of the Treasurers Association, the Chair of ACI Kenya, the Chair of the Bond Market Association, and one independent member, with support from the Kenya Bankers Association (KBA) and Fins... (the source text is truncated), guided the project. The company positions itself as optimizing the markets for the next century and organizing the OTC market via an ETP (electronic trading platform). EABX is headquartered in Kenya and targets both Kenyan and regional East African OTC bond markets. Its value proposition centers on introducing new market infrastructure and improving price discovery and transparency in the trade cycle. As of the available evidence, the company is active and hiring, and it presents itself as a market organizer and self-regulatory organization rather than a conventional listed company.

EABX PLC's development is rooted in Kenya's national economic blueprint, Vision 2030, which includes a goal to develop the country's capital markets. The initiative is also enshrined in the Capital Markets Master Plan. According to the company's own account, the vision to develop EABX was driven by market stakeholders who recognized a need for a more robust and interactive market infrastructure that would promote electronic trading and catalyze efficient settlement and clearing by market intermediaries. A Project Steering Committee (PSC) was formed to guide the establishment of the exchange. The committee was composed of two commercial bank CEOs, the Chair and Vice-Chair of the Treasurers Association, the Chair of ACI Kenya, the Chair of the Bond Market Association, and one independent member. The Kenya Bankers Association (KBA) and Fins... (the source text is truncated) provided support. This broad stakeholder composition reflects the company's stated philosophy of putting its members at the center of everything it does. EABX Plc was established as a regional market organizer with the objective of consolidating the fixed income and money markets in a transparent, responsible and transformative way. It is positioned as a strategic financial market infrastructure organization providing market integration through a seamless flow of executions from pre-trade to post-trade. The company aims to operate in a world-class regulatory environment, meeting international best practices customized for the East African markets. EABX is duly licensed by the Capital Markets Authority of Kenya as a market organizer and self-regulatory organization. It operates as an over-the-counter (OTC) securities exchange with SRO capabilities. Its business is organized around three pillars: trading, regulation, and market development. In its trading business, EABX will operate as a securities exchange, providing secondary trading, membership, listing, and market data services for debt securities. Its regulatory function will lead policy implementation, improve transparency and price discovery along the trade cycle, and aid with risk-based supervision. Its market development function will introduce new market infrastructure to Kenyan and regional OTC bond markets and work with market actors to offer improved new products. The company's value proposition is framed as "Optimizing the Markets for the Next Century," and it seeks to organize the OTC market via an electronic trading platform (ETP). As of the available evidence, EABX is active and hiring, and it continues to develop its market infrastructure for Kenya and the wider East African region.

• EABX PLC is established as a regional market organizer for fixed income and money markets, guided by a Project Steering Committee with support from the Kenya Bankers Association.

• EABX is duly licensed by the Capital Markets Authority of Kenya as a market organizer and self-regulatory organization.

• EABX announces it is hiring and continues development of its OTC securities exchange with SRO capabilities.

A regional market organizer and self-regulatory organization building transparent, integrated fixed income and money market infrastructure for East Africa.

• OTC Securities Exchange

  An over-the-counter securities exchange with self-regulatory organization capabilities, providing secondary trading, membership, listing, and market data services for debt securities.

• Regulatory Function

  Leads policy implementation, improves transparency and price discovery along the trade cycle, and aids with risk-based supervision.

• Market Development

  Introduces new market infrastructure to Kenyan and regional OTC bond markets and works with market actors to offer improved new products.

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