ALTX East Africa Exchange

ALTX East Africa Exchange
TypeStock Exchange
LocationKampala, Uganda
FoundedMarch 2014 (2014 -03)
Key peopleJoseph Kitamirike
chief executive officer
CurrencyUgandan shilling
Websitewww.altxafrica.com
Stock exchange in Kampala, Uganda

The ALTX East Africa Exchange (ALTX) is a stock exchange in Uganda. The ALTX operates under the jurisdiction of Uganda's Capital Markets Authority, which in turn reports to the Government of Uganda.[1]

Trading

Its operations are entirely electronic, with all transactions completed online. The exchange lists foreign securities, bonds, and exchange traded funds.[1] The exchange opened to trading on 13 July 2016. It accepts trades as low as US$3, targeting investors of modest means.[2]

ALTX East Africa Exchange expanded its operations to Uganda after obtaining a regulatory approval in 2014, and depository approval in 2015.[3][4]

Ownership

ALTX is a demutualised exchange wholly owned by ALTX Africa Group, a Mauritius based entity that also owns ALTX Clearing. GMEX Technologies of the United Kingdom owns 25 percent of ALTX Africa Group. Other investors include Joseph Kitamirike, the chief executive officer and co-founder of ALTX East Africa, and Jatin Jivram, director and co-founder of ALTX East Africa.

See also

References

  1. ^ a b Busuulwa, Bernard (16 July 2016). "Commodities exchange launched in Kampala". The EastAfrican. Nairobi. Archived from the original on 17 August 2016. Retrieved 17 July 2016.
  2. ^ Duncan Miriri, and Elias Biryabarema (13 July 2016). "ALTX Africa targets small investors with new Uganda exchange". Reuters. Archived from the original on 14 July 2016. Retrieved 17 July 2016.
  3. ^ "ALTX East Africa Launches as Securities Exchange in Uganda with Fast Settlement | Finance Magnates". Finance Magnates | Financial and business news. 2016-07-13. Retrieved 2020-12-12.
  4. ^ "ALTX East Africa partners GMEX Technologies, ESCROW Group to launch high tech exchange platform". PC Tech Magazine. 2016-07-18. Retrieved 2020-12-12.

External links

  • ALTX East Africa unveils exchange platform
  • Website of ALTX East Africa Exchange
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