Algiers, DZWatch – The Commission for the Organization and Supervision of Stock Exchange Operations (COSOB) has launched seven electronic platforms dedicated to executing buy and sell orders for stocks and bonds on the Algiers Stock Exchange. The move, announced Saturday, aligns with the ongoing digital transformation of the national financial market.
These seven platforms are expected to significantly enhance transparency and expedite transaction processing within the stock exchange. The platforms are operational at the following banks: National Bank of Algeria (BNA), People’s Credit of Algeria (CPA), External Bank of Algeria (BEA), Local Development Bank (BDL), National Savings Fund (CNEP), and Al Salam Bank Algeria.
Youssef Bouzenada, Chairman of COSOB, stated that the launch of these platforms is the result of the high level of professional effort exerted by intermediaries in stock exchange operations and oversight. He also referenced the regulatory framework governing the operation of these platforms, which was issued last year.
According to Bouzenada, the objective of this new digital mechanism is to improve access to capital markets for investors and market participants. “Anyone wishing to buy stocks or bonds traded on the Algiers Stock Exchange can now use their customer area or e-banking services,” he explained.
Customers can now place purchase orders digitally without physically visiting the bank or relying on traditional paper-based methods. The entire process is now streamlined and digitized, offering greater convenience and efficiency. This initiative represents a significant step forward in modernizing Algeria’s financial infrastructure.
