Uganda Securities Exchange
- Uganda Securities Exchange
Infobox_Company
company_name = Uganda Securities Exchange
company_
company_type = Stock Exchange
company_slogan = Building your investment portfolio
foundation = June 1997
location = flagicon|Uganda Kampala
key_people = Simon Rutega, CEO Judy Obitre Gama, Head, Legal & Surveillance Department Harriet Kiwanuka, Head, Trading Research & Market Development Department Calvin Simon Waibale, Head, Information Technology
num_employees = 16
industry = Finance
products = Stock trading services
homepage = http://www.use.or.ug
The Uganda Securities Exchange is Uganda's principal stock exchange. It was founded in June 1997. The USE is operated under the jurisdiction of Uganda's Capital Markets Authority, which in turn reports to Uganda's central bank, the Bank of Uganda.
The exchange's doors opened to trading in January 1998. At the time, the Exchange had just one listing, a bond issued by the East African Development Bank. Trading was limited to only a handful of trades per week.
The USE currently trades Nine listed local and East African companies and has started the trading of Fixed Income instruments. The stock exchange is open 5 days a week and is a member of the African Stock Exchanges Association.
The USE operates in close association with the Dar-es-Salaam Stock Exchange in Tanzania and the Nairobi Stock Exchange in Kenya and plans are already underway to integrate the three to form a single East African bourse.
Trading
Trading takes place on Mondays, Tuesdays and Thursdays only. Trading isby use of the open outcry method. An automated trading platform is being considered.
Market listing
* "East African Breweries" and "Kenya Airways" are crosslisted at both the Nairobi Stock Exchange and the Dar es Salaam Stock Exchanges.
* "Jublilee Holdings" is crosslisted on the Nairobi Stock Exchange.
ee also
*Economy of Uganda
*List of stock exchanges
*List of African stock exchanges
External links
* [http://www.use.or.ug/ Uganda Securities Exchange website]
* [http://www.asea.wananchi.com/ African Stock Exchanges Association]
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