The ALTX East Africa Ltd team led by CEO, Joseph Kitamirike has built the exchange since 2013, and spent most of the last eight months optimising their systems. The platform obtained regulatory approval in 2014 and depository approval was secured in 2015. Today, it goes live.
The ALTX East Africa exchange platform will have the capability to handle 150,000 transactions per second and will launch with depository receipt securities issued on the treasury secondary market. In the medium term, ALTX will introduce global equities, access to global bond products and exchange traded funds.
The technology package that ALTX has assembled for the ALTX East Africa exchange is blazing the trail in terms of performance and risk management”, said Joseph Kitamirike, CEO and Co-founder.
ALTX East Africa is regulated by the Capital Markets Authority of Uganda.