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Cfc stanbic online share trading launch
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VituVingiSana
#31 Posted : Friday, November 26, 2010 8:28:31 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,351
Location: Nairobi
youcan'tstopusnow wrote:
Kenya becomes the second African country to adopt online share trading after South Africa

According to Standard, Kenya is the first http://bit.ly/epkEKd
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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bird_man
#32 Posted : Friday, November 26, 2010 8:36:04 AM
Rank: Veteran

Joined: 11/2/2006
Posts: 1,206
Location: Nairobi
Not been able to login says server is disconnected!I so want to try it out!
Formally employed people often live their employers' dream & forget about their own.
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lovely2010
#33 Posted : Friday, November 26, 2010 9:17:27 AM
Rank: Member

Joined: 10/25/2010
Posts: 519
Location: nairobi
VituVingiSana wrote:
www.csfs.co.ke The link is bottom right


I have tried to login but I doubt if its operational. or do I have to register again?
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youcan'tstopusnow
#34 Posted : Friday, November 26, 2010 9:20:37 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
VituVingiSana wrote:
youcan'tstopusnow wrote:
Kenya becomes the second African country to adopt online share trading after South Africa

According to Standard, Kenya is the first http://bit.ly/epkEKd

I doubt SA doesn't have online share trading. According to the article I read (bdafrica), about one third of the trades are through ATS
GOD BLESS YOUR LIFE
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Sufficiently Philanga....thropic
#35 Posted : Friday, November 26, 2010 11:05:10 AM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
sheep wrote:
sparkly wrote:
@qw there will be no intermediary btwn you and the nse, better than fantasy market... How cool is that?@my 2 cents cfc is turning out to be the safaricom of stock brokerage


wow! very hard to believe...u mean direct access to ATS like ameritrade? hakuna mambo ya T+3???? anyone who has tried atuambie uhondo???

someone confirm whether this does away with T+4, as in can u buy like leo n sell kesho(assuming kesho's a working day)?
@SufficientlyP
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mwanahisa
#36 Posted : Friday, November 26, 2010 12:52:47 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
VituVingiSana wrote:
youcan'tstopusnow wrote:
Kenya becomes the second African country to adopt online share trading after South Africa

According to Standard, Kenya is the first http://bit.ly/epkEKd


These hacks hardly ever get their facts right. SA has definitely been having online share trading before Kenya. All the big brokerages such as Absa, Standard Bank etc and even smaller ones such as Imara offer this service. I have used the service and it works very well. Note that you can not be paid immediately as payments still go through a clearance period. However, you can buy and sell almost immediately after.
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mwanahisa
#37 Posted : Friday, November 26, 2010 12:58:46 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
Sufficiently Philanga....thropic wrote:
sheep wrote:
sparkly wrote:
@qw there will be no intermediary btwn you and the nse, better than fantasy market... How cool is that?@my 2 cents cfc is turning out to be the safaricom of stock brokerage


wow! very hard to believe...u mean direct access to ATS like ameritrade? hakuna mambo ya T+3???? anyone who has tried atuambie uhondo???

someone confirm whether this does away with T+4, as in can u buy like leo n sell kesho(assuming kesho's a working day)?


As far as I am aware CFC Stanbic is not in control of the settlement/clearance of traded shares which is within the purview of CDSC/NSE. I would not therefore expect the settlement period of T+4 to change.

Reading the story on BD, there was a suggestion it would reduce to T+2 - I wonder how and I suspect it could be a case of misreporting, until I see a statement from CSFS Stanbic themselves. I am aware that CFC Stanbic is the clearing bank for the NSE/most brokers so maybe that's where the advantage may arise.

All the same this is a sweet innovation that other brokers need to emulate!!!
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qw25041985
#38 Posted : Friday, November 26, 2010 1:06:57 PM
Rank: User

Joined: 5/9/2010
Posts: 1,418
Location: Nai
Can you all people get serious !!!!!!!!!!! For real. This site ISNOT even secure.Surely a huge company like CfcFinancial cannot consider SSL encryption. Here's the login url for the Sfc Financial online trading : http://www.csfs.co.ke/ActiveLite/ .
As you can see there's not letter S on the http part of the url and this shows that your login credentials are goin through the internet unsecurely.
I have raised this issue time and time again and it has fallen on deaf ears.

THIS IS A WARNING .Please DONOT use CfcFinancial for online stock trading.
Your future depends on your dreams so go to sleep !
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Sufficiently Philanga....thropic
#39 Posted : Friday, November 26, 2010 2:01:55 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
qw25041985 wrote:
Can you all people get serious !!!!!!!!!!! For real. This site ISNOT even secure.Surely a huge company like CfcFinancial cannot consider SSL encryption. Here's the login url for the Sfc Financial online trading : http://www.csfs.co.ke/ActiveLite/ .
As you can see there's not letter S on the http part of the url and this shows that your login credentials are goin through the internet unsecurely.
I have raised this issue time and time again and it has fallen on deaf ears.

THIS IS A WARNING .Please DONOT use CfcFinancial for online stock trading.

Sooo true, an IT friend of mine told me the same. I wonder why most Kenyan websites overlook this. I highly doubt anyone in the west will dare transact business on a site thats not https!
@SufficientlyP
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samwank
#40 Posted : Friday, November 26, 2010 2:05:45 PM
Rank: New-farer

Joined: 3/21/2010
Posts: 24
Location: nairobi
qw25041985 wrote:
Can you all people get serious !!!!!!!!!!! For real. This site ISNOT even secure.Surely a huge company like CfcFinancial cannot consider SSL encryption. Here's the login url for the Sfc Financial online trading : http://www.csfs.co.ke/ActiveLite/ .
As you can see there's not letter S on the http part of the url and this shows that your login credentials are goin through the internet unsecurely.
I have raised this issue time and time again and it has fallen on deaf ears.

THIS IS A WARNING .Please DONOT use CfcFinancial for online stock trading.


is it not https://www.csfs.co.ke/clientInterface ??
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