Nairobi, May 5 -- The Nairobi Securities Exchange (NSE) has revived its plan to upgrade its automated trading system (ATS) after a bumper year in which its total revenues crossed the Sh1 billion mark for the first time.

The bourse had shelved a planned upgrade of the ATS due to runaway costs, which saw its net earnings drop 21.1 percent to Sh54.7 million in the half-year to June 2024.

The NSE said the revived Sh234 million upgrade will involve phasing out the Broker Back Office (BBO) system and replacing the current ATS software, derivatives software and other related systems with new market infrastructure.

"The capital commitment (Sh234 million) relates to the expected implementation and project management costs on a new comprehensive...