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
"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."