The biggest obstacle to optimally managing money market performance is still substantial spread in trading of money market instruments. Verso Money Brokers was established in 2009 to improve the liquidity of the market by acting as an intermediary between issuers and investors.
We have a custodian agreement with Absa Capital to act as the settlement agent for all trades., as well as trading accounts at all major banks in South Africa. We are able to facilitate any transactions between the banks and their clients.
Verso Money Brokers (Pty) Ltd is an authorized financial service provider with license number 38547.