The Impact of Central Depository System ( Cds) on Performance of the Nairobi Stock Exchange (Nse)

Abstract

Security exchanges operating in a competitive environment have embraced technology to compete effectively in the international arena.Emerging stock markets in the last decade have automated their operations.In the first phase of automation,the Nairobi stock Exchange inaugurated the central depository system (CDS) on 11th November 2003.This is in line with the recommendation of the Group 30 in 1989......................................................................................