Electronic Trading System to Launch in Algeria

As earlier announced, Algeria will introduce electronic stock exchange order submission on June 2nd 2024.

The initiative, a collaboration between the Securities and Investments Organization and Monitoring Commission (COSOB) and the Government Authority for Electronic Certification, aims to facilitate stock market transactions by allowing investors to place buy and sell orders electronically through authorized intermediaries.

COSOB’s digitization plan aligns with “the dynamic growth of the financial and stock market in Algeria, fulfilling the commitment of President Abdelmadjid Tebboune to develop financial and stock markets to finance the economy,” according to the statement cited by Algérie Presse Service.

This development follows COSOB’s approval of new mechanisms last November to revitalize trading practices and boost activity on the Algiers Stock Exchange.

The launch is part of Algeria’s broader digital transformation strategy. In September 2023, the High Commission for Digitalization was established to implement the National Digital Transformation Strategy (2024-2029) and achieve comprehensive digitalization by 2034.