Algiers – The Commission for the Organization and Supervision of Stock Exchange Operations (COSOB) today launched electronic platforms dedicated to executing buy and sell orders for stocks and bonds on the Algiers Stock Exchange. The launch, which took place in Algiers, marks a significant step in the digital transformation of the national financial market.
The new platforms are designed to streamline trading processes, increase efficiency, and improve transparency for investors. By automating order execution, the electronic systems aim to reduce processing times and minimize errors, ultimately fostering greater confidence in the Algerian stock market.
“This initiative is crucial for modernizing our financial infrastructure and aligning it with international best practices,” stated a COSOB representative during the launch ceremony. “The electronic platforms will provide a more accessible and efficient trading environment for both domestic and international investors.”
The introduction of these platforms is expected to attract new participants to the stock market and boost trading volumes. COSOB believes that by embracing digital technologies, the Algiers Stock Exchange can play a more vital role in supporting economic growth and development in Algeria.
The platforms will offer a range of features, including real-time market data, secure order placement, and comprehensive reporting tools. Training programs will be offered to brokers and investors to ensure they can effectively utilize the new systems. COSOB emphasizes that this is just the beginning of a broader effort to digitize and modernize the Algerian financial sector.
