By Silvia Nyambura
Uganda Securities Exchange (USE) has launched the Automated Trading System (ATS) a highly modern information system that will enable it provide more accurate and real time information to all its service users.
The ATS is a web based platform which is expected to enhance liquidity and flexibility in the way deals are made and it can be accessed from the comfort of investors’ homes and offices. The USE also plans to make this service available through mobile phones in the coming weeks.
According to USE CEO Paul Bwiso, since the system began operating on 22nd July this year, there has been seamless trade.
Addressing a breakfast meeting at the Kampala Serena Hotel today Bwiso said, “Brokers are now trading from their offices. We no longer have the noise and the shouting for bids and offers. It is also very secure with enhanced security features. Since we rolled out this system we have traded Ushs 17 billion worth of turnover in 627 deals and about 109 million shares have exchanged hands. This means we are able to move shares faster and have different options for trading.
