Securities and Trading Technology (STT), a leading African technology solution provider, is proud to announce the go-live of the USE this morning. Following a successful migration to our CSD solution, the USE went live this morning using our ATS.
Uganda is looking to attract investors into an economy where growth is set to outpace the sub-Saharan African average this year, according to the International Monetary Fund.
Michelle Janke, MD of STT said:
"We are proud to have been chosen to provide trading, clearing and settlement solutions to the Uganda Securities Exchange. Uganda is a fast developing market and we look forward to working with the USE."
Chief Executive Officer Paul Bwiso said, "The switch will help increase trading volumes, boost foreign participation, open the way for secondary trading of fixed-income securities and move equities dealing to three-day settlement from five."