The ALTX East Africa Exchange (ALTX) is a
stock exchange in
Uganda
}), is a landlocked country in East Africa. The country is bordered to the east by Kenya, to the north by South Sudan, to the west by the Democratic Republic of the Congo, to the south-west by Rwanda, and to the south by Tanzania. The sou ...
. The ALTX operates under the jurisdiction of Uganda's
Capital Markets Authority, which in turn reports to the
Government of Uganda.
Trading
Its operations are entirely electronic, with all transactions completed online. The exchange lists foreign securities, bonds, and exchange traded funds.
The exchange opened to trading on 13 July 2016. It accepts trades as low as US$3, targeting investors of modest means.
ALTX East Africa Exchange expanded its operations to Uganda after obtaining a regulatory approval in 2014, and depository approval in 2015.
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
*
Economy of Uganda
The economy of Uganda has great potential and appeared poised for rapid economic growth and development. Uganda is endowed with significant natural resources, including ample fertile land, regular rainfall, and mineral deposits.
Chronic politi ...
*
List of African stock exchanges
There are 29 exchanges in Africa, representing 38 nations' capital markets.
21 of the 29 stock exchanges in Africa are members of the African Securities Exchanges Association (ASEA). ASEA members are indicated below by an asterisk (*).
The Eg ...
*
Uganda Securities Exchange
The Uganda Securities Exchange (USE) is the principal stock exchange of Uganda. It was founded in June 1997. The USE is operated under the jurisdiction of Uganda's Capital Markets Authority, which in turn reports to the Bank of Uganda, Uganda's ...
*
Ugandan shilling
The shilling ( sw, shilingi; abbreviation: USh; ISO code: UGX) is the currency of Uganda. Officially divided into cents until 2013, due to substantial inflation the shilling now has no subdivision.
Notation
Prices in the Ugandan shilling ...
*
List of stock exchanges in the Commonwealth of Nations
This is a list of active stock exchanges in the Commonwealth of Nations (Full Members). The Commonwealth of Nations features member-states located on all major continents and represents almost one-third of the Earth's population. Some states ha ...
References
External links
ALTX East Africa unveils exchange platformWebsite of ALTX East Africa Exchange
{{Uganda topics
Stock exchanges in Africa
Finance in Uganda
Financial services companies of Uganda
Kampala District
2016 establishments in Uganda
Financial services companies established in 2016