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Trading & Settlement solutions

The Group offers a comprehensive suite of products designed to automate the end-to-end processes of the entire capital markets from securities trading, clearing and settlement; both as an operator and enabler.



Under the C-TRADE brand we offer Trading, Clearing and Settlement solutions which include:

C-TRADE match is an Automated Trading System (ATS) which matches the orders posted through the various routing channels. It eliminates the laborious process of trading manually and introduces an era of electronic trading which enhances efficiency. Trading data is made available to participants as market data. The ATS transmits trade data for settlement to the respective depository system in real time using standardised protocols.

The C-TRADE depository is instrumental in the clearing and settlement of trades through the maintenance of the investor accounts and the electronic securities. The system contains modules which are laced together to provide robust, wide reaching and interoperable functionalities that are all encompassing with respect to every market players’ activity. These compact and responsive functionalities have been put together into a robust architecture that ensures all market systems and participants are efficiently serviced by the system.

C-TRADE Order Management Systems (OMS) is a web-based solution designed to enable institutional investors to carry out direct trading and portfolio management. It is a web-based solution which automates the interaction between institutions, the securities dealers and the market. It facilitates real- time transactions and turn-around trading i.e. an institution can trade using the expected future securities or funds pending settlement date.

C-TRADE surveillance is a state-of-the-art software, designed to give a bird’s eye view of all the market activities as follows;

  • A consolidated view of market information on a per instrument basis across multiple venues.
  • Overlays of user- selected “related securities” and market data in a single, intuitive snapshot.
  • A user-friendly solution that enables organisations to improve their efficiency in
    monitoring trading platforms.
  • Combines real-time and historical data to detect market abuse, manipulation, money laundering, rogue trading and rogue algorithms across asset classes and markets
  • Can be scaled to meet the most demanding big data volumes.

The C-TRADE Broker Office (BO) automates all the processes done by Securities Dealers, from client and custodian interfacing for account creation and management, exchange and depository interfacing for order posting and order management, to the generation of financial statements (Accounting). The System can seamlessly integrate with multiple Automated Trading Systems and Securities Depository Systems within the market.

This flavour of C-TRADE is basically a USSD endpoint which comprises the full customer journeys covering functionalities from registration, primary market and secondary market functions up to account and portfolio maintenance. This end will be integrated to a Mobile Network Operator’s USSD gateway and subscribers will access the application through a reserved short code.

This comprises of simple and secure Android and iOS trading applications tailored for both smartphones and tablets devices one can now enjoy simple, convenient and hassle-free trading of securities.

C-TRADE online is a web portal designed to enable retail investors to carry out direct trading and portfolio management. It is a web-based solution which automates the interaction of an individual with the securities dealers. It offers a wide range of online and mobile payment options for the funding buy orders. It facilitates real time transactions and turnaround trading i.e. an individual can trade using the expected future securities or funds pending settlement date.


The Financial Securities Exchange (FINSEC) provides a marketplace for a wide variety of securities by operating a fully-fledged and licensed securities exchange in Zimbabwe. The Exchanges offers the following services;

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Chief Technology Officer

Sifelani is an Information Technology specialist with over 20 years of experience with Information Systems in the Financial Services sector. Having earned his BBA in Management Information Systems, Enterprise Governance of IT (EGIT), COBIT, CISCO, CDCP(Exin), Postilion, Foundational Payments, many other certifications and currently studying for his MBA. Sifelani has got extensive exposure to projects that include banking systems implementations, payment systems, Data Security and Enterprise Governance of IT. Has working experience in Zimbabwe and Namibia environment where he was Project Manager for various IT projects.
Experience with Mastercard Implementation and postilion switching systems. He was Project Manager – IAP license Application for Modern Transactions (Pvt) Ltd, was Head of ICT for SME Bank Limited in Namibia, held position of Chairperson for Bankers Association of Namibia Information Technology (BAN IT) Sub-Committee, held position of Chairperson for Namibia Payment Clearing House for Cards (PCH Card). He was a member of Payments Association of Namibia (PAN) for the Payment Clearing House (PCH) for cards, Paper and Electronic Funds Transfer (EFT).

Company Secretary and Compliance Officer

Mukayi is a registered legal practitioner with a passion for financial and capital markets. He holds an LLB from the University of South Africa and an LLM from the University of Pretoria. On completion of his LLM, Mukayi worked for DLA Piper Africa in the Corporate, Banking, and Finance Practice groups. Mukayi has been actively and deeply involved in corporate governance work as well as drafting and reviewing transaction documents, regulatory engagements for transactions, conducting legal due diligence on prospective investments, transaction negotiations, and issuance of legal opinions.   Mukayi further holds a Bachelor of Business Administration from the IMM Graduate School and has several years of experience in marketing and business development in various industries such as telecommunications, advertising, and hospitality.

Head of Sales and Marketing

B.Com Entrepreneurship & Business Management (CUT), Digital Marketing (Stellenbosch)

Eliah has gained over seven years’ hands on experience working with progressive Technology and telecommunications companies including Econet Wireless Zimbabwe in the capacity of Product Development, Account Management, Market Research and Brand Management. Possess extensive skills in Marketing Strategy Formulation and Implementation, Business Communications and Brand Management.

Finance and Administration


Mennard heads our Finance and Administration Department. He is in charge of general administration, accounting and financial reporting, supported by over 10 years of experience gained through several roles  that he played in the administration and accounting field prior to joining Corpserve. Mennard is a qualified Chartered Secretary and is currently studying towards an ACCA qualification.

Head – Group Business Development

Bachelor of Commerce (Economics) – UNISA.

Setfree Nhapi is Head of Business Development for the Escrow Group.  Before joining the group, Setfree was the Country Manager of Corpserve  Zambia, the largest registrar (by market share) in Zambia and part of  the Escrow Group. Setfree been exposed to capital markets extensively,  mostly in the Sub Saharan Africa. He has witness numerous capital market transactions in his career to date, where he played significant roles. Before joining Corpserve in 2003, Setfree was working for Renaissance Securities, a Zimbabwean Stockbroking firm, as a back-office manager. His regional experience helped transform the operations of Corpserve Zambia and in his tenure as Country Manager for Corpserve, he successfully clinched several Capital Market transactions deals for Corpserve. His passion for the capital markets resulted in the creation of a strong Corpserve Zambia brand driven by innovative ideas and supported by appropriate technology.

Managing Director – Escrow Systems

BSc in Computer Science; Postilion Payments Certificate and Dell Certifications. Project Management Certificate (PMIZ)

Simbarashe leads a team of professional Microsoft certified developers and an experienced IT support team. He has vast experience in
clearing and settlement messaging and integration using the SWIFT system. Simbarashe is a Systems Analyst, Designer, Developer and Support Specialist with over 10 years’ experience in delivering business solutions to the financial sector. He is a holder of a Bachelor of
Science Degree in Computer Science, a Postilion Payments Certificate and Dell Certifications and is currently studying for a Master of Commerce in Strategic Management and Corporate Governance.

General Manager – FINSEC


Garikayi is the General Manager of the Financial Securities Exchange Pvt Ltd (FINSEC). He joined Corpserve Registrars in 2010 as the Compliance and Performance Management Executive having spent more than 15 years with an international commercial bank. Garikayi is an associate member of the Institute of Bankers of Zimbabwe and a holder of a Bachelor of Commerce degree from the University of South Africa.

Managing Director – Corpserve

AC Diploma in Corporate Management

Paradzai leads the Group Operations, his areas of expertise include Operations and Project Management; Human Resources Management as well as Risk and Compliance Management. Paradzai has worked on various projects including Initial Public Offers, Capitalisation Issues for both listed and non-listed entities. Paradzai is currently studying towards an IAC Diploma in Corporate Management. He has over 20 years’ experience in fields of Operations and Project Management; Human Resources Management as well as Risk and Compliance Management. The majority of his experience gained at Standard Chartered Bank as Operations Manager.

Chief Operating Officer

Bachelor of Science Economics Honours; PB (SA)

Blessing Chipfunde has 17 years of experience in the securities industry and has extensively operated in much of east and southern Africa participating in numerous transactions including public equity and debt issues. Blessing has previously served as Assistant General Manager of Custody and Registrar Services in Kenya and has also served the Escrow Group in various capacities including as Deputy Managing Director of Corpserve Registrars


LLB, University of Nairobi

Laureen is an Advocate of the High Court of Kenya having earned admission to the bar in 2007. Laureen served as Senior Manager, Legal and Compliance at Custody & Registrars Limited (C&R), and is currently Chief Executive Officer of CDSCR. She possesses deep knowledge
in capital markets and has advised clients on such issues as IPOs, Bonus Issues, and Rights Issues etc.


MSc. Finance; MBA; ACCA Dip FM;

Collen Tapfumaneyi is the founder and Group Chief Executive Officer of the Escrow Group comprising Financial Securities Exchange, Corpserve Registrars and Escrow Systems. He was previously CEO of Custody and Registrar Services Limited (Kenya) following the acquisition of the company from Barclays Bank of Kenya. Collen has a long and successful track record in the capital markets and as a provider of capital marketsand financial services solutions in Africa.


Bachelor’s Degree in Economics, Post Graduate Diploma, Master’s Degree in Economics

Michael is an investment banker with broad and extensive experience  in originating and structuring capital markets and financial solutions. A qualified Economist, he has over 20 years experience in government; management consultancy, commercial banking and investment banking. He has held senior positions with Commercial Bank of Africa and was a Senior Consultant for Deloitte and Touché.