RWANDA STOCK EXCHANGE LAUNCHES AUTOMATED TRADING PLATFORM
The Rwanda Stock Exchange has reached a significant milestone with the launch of its capital market infrastructure trading platform, marking a new era for the exchange. In a recent interview with CNBC Africa, CEO Celestin Rwabukumba shared insight into the impact of this initiative on investors and brokers alike. The CMI project, which has been in the works since 2011, aims to connect markets in East Africa, facilitating seamless trading across borders.
With Rwanda being the first to go live, the platform enables electronic trading of securities, eliminating delays and enhancing cost efficiency for investors. The implementation of these systems is poised to streamline cross-border transactions and remove barriers to trade, ultimately benefiting Africa’s financial markets. On a local front, the CEO addressed the impact of the automated trading platform on equities trading, particularly for blue-chip companies like Bank of Kigali.
He projected increased efficiency in share trading and reduced arbitrage opportunities, attributing these improvements to the platform’s real-time capabilities. The CEO emphasized the collaborative nature of the project, highlighting the potential for brokers to expand their reach and increase.
