MIT Lanka implements Automated Trading System at DSE Tanzania

The Dar es Salaam Stock Exchange (DSE) passed a new milestone with the implementation of a new Automated Trading System and a Central Depository System, which moved the Exchange's trading from an open outcry auction trading process to a fully automated one.

Following the delivery and installation of the system hardware, the implementation was completed in a record two months. On the first day of "live" operations on the new system, the DSE traded for two hours with 307 new orders, 123 executions and a turnover of over 821 Million Tanzanian Shillings.

"We are very happy to be able to use this new technology," said Jonathan Njau, the Chief Executive Officer of the DSE. "It is exciting for us to be among the first East African Exchanges to implement such advanced technology that is being used by some of the largest exchanges in the West."