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Dar es Salaam Stock Exchange set for electronic trading
THE Dar es Salaam Stock Exchange will go electronic as soon as the installation of the Automated Trading System is complete. Mr. Jonathan Njau, Chief Executive of the DSE told reporters in Dar es Salaam that the installation is expected to be completed shortly, after which trials and training of the staff will commence.
According to Njau, the work includes installation of the automated system and the central depository system solutions. The U$1.5 million contract was won by a Sri Lankan firm, Millennium Information Technology. MIT is the same firm that supplied both the ATS and central depository system for the Nairobi Stock Exchange, and it is in the process of installing a similar system on the Uganda Securities Exchange.
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