ALTX East Africa Exchange

ALTX East Africa Exchange
Type Stock Exchange
Location Kampala, Uganda
Founded March 2014 (2014 -03)
Key people Joseph Kitamirike
chief executive officer
Currency UGX
Website www.altxafrica.com

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]

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. 1 2 Busuulwa, Bernard (16 July 2016). "Commodities exchange launched in Kampala". The EastAfrican. Nairobi. Retrieved 17 July 2016.
  2. ↑ Duncan Miriri, and Elias Biryabarema (13 July 2016). "ALTX Africa targets small investors with new Uganda exchange". Reuters. Retrieved 17 July 2016.
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