STT’s Exchange Solution goes live in Zimbabwe

STT is pleased to announce the successful go-live of its full Exchange Solution on the Victoria Falls Securities Exchange (VFEX). The deployment includes STT’s Automated Trading System, the Avvento Trading System for market access, STT’s Clearing and Surveillance platforms, and the Central Securities Depository (CSD) system.

This integrated solution equips VFEX with a modern, seamless environment for trading, clearing, settlement, surveillance, and custody. Participants now benefit from improved market transparency, efficient order execution, enhanced risk management, and a simplified end-to-end trading experience.

From contract signing in early March to go-live on 10 December, the implementation was completed in 10 months.

 Michelle de Beer, Managing Director of STT, said: “It is with great excitement that we announce the successful go-live on the Victoria Falls Securities Exchange. This milestone reflects months of dedicated effort and collaboration, and we are confident it lays a strong foundation for future growth and stability.”

“This go-live is a major step toward a world-class, technology-driven market. This milestone reflects months of dedicated collaboration between VFEX, STT, and our participants. The new system enhances efficiency, transparency, and reliability, strengthening our appeal to both local and international investors, while also equipping us with the capability to introduce and trade new products such as commodities and derivatives. As we enter this new era of innovation, we remain committed to providing a robust, globally competitive platform that supports sustainable growth and builds confidence in Zimbabwe’s financial markets. We would like to express our gratitude to STT for their professionalism and dedication throughout this project.”- Justin Bgoni , Group CEO , ZSE Holdings

The go-live further strengthens STT’s reputation as a trusted partner in financial market technology, demonstrating it's ability to deliver tailored, scalable solutions that support evolving market needs. Throughout the project, the STT and VFEX teams worked in close alignment, ensuring transparent communication and rapid issue resolution- keeping the project on track and meeting key milestones.

STT extends its appreciation to VFEX, regulators, and all stakeholders for their support throughout the implementation process. As we continue to innovate, STT remains committed to delivering technology that empowers and transforms exchanges and market participants around the world.

About VFEX:

“The Victoria Falls Stock Exchange —VFEX  is a US dollar–denominated securities exchange in Zimbabwe. It was launched in 2020 and is a subsidiary of Zimbabwe Stock Exchange Holdings (ZSEH). VFEX is a licensed participant in the Victoria Falls International Financial Centre (VFIFSC).

VFEX provides a platform for listing and trading a variety of financial instruments — including ordinary and preference shares, depository receipts, bonds and other debt securities, exchange-traded funds (ETFs), real estate investment trusts (REITs) and more —all transacted in USD ”

About STT

STT is a trusted, leading provider of financial market software and solutions for businesses worldwide, delivering technology and expertise since 1985. Renowned for its flexible and innovative offerings, STT’s core products span exchange, trading, surveillance, clearing, depository, risk management, and back-office solutions - customised to meet each client’s unique needs. Backed by strong service and ongoing support, STT’s dedicated and experienced team is committed to developing reliable, user-friendly solutions that empower clients to drive their markets forward.