Digitalization of Stock Exchange Orders: A Major Breakthrough for Algeria's Financial Sector
The Organization and Surveillance Commission of Stock Exchange Operations (Cosob) has recently announced a significant development for Algeria's financial sector: the imminent launch of digitalized stock exchange orders. Scheduled for Sunday, June 2, 2024, this system promises to facilitate stock transactions in Algeria, according to the Algerian Press Service (APS).
Collaborative Effort
Implemented in collaboration with the Governmental Electronic Certification Authority, this system will enable the electronic transmission of buy and sell orders, making operations easier for financial intermediaries.
Alignment with Government Strategy
This new system is in line with the government's strategy to digitalize all sectors, aiming to modernize financial services and improve their accessibility to the population.