Uganda Securities Exchange

A published report in February 2011 claimed that USE would increase trading to five days a week in March 2011. During the first quarter of 2010, the USE adopted the Settlement and Clearing Depository electronic trading system. According to a published report in January 2011, other electronic modalities were being considered for the exchange. In 2010, the USE was the best performing stock exchange in Sub-Saharan Africa, with an All-Shares Index return of 74 percent between January and November 2010. On 20 July 2015, the USE initiated its electronic trading platform, backed by three independent data servers, cutting to three days (previously five days) the time it takes to settle trades. ==Market listing==

'''' Notes on market listings (1) East African Breweries Limited, Kenya Airways and Jubilee Holdings, are primarily listed on the Nairobi Stock Exchange and are cross-listed on the Uganda Securities Exchange and on the Dar es Salaam Stock Exchange. (2) Centum Investment Company Limited, Equity Group Holdings Limited, and Jubilee Holdings are listed primarily on the Nairobi Stock Exchange and are crosslisted on the USE. (3) Kenya Commercial Bank Group and Nation Media Group are listed primarily on the Nairobi Stock Exchange and are crosslisted on the USE, the Dar es Salaam Stock Exchange, and the Rwanda Stock Exchange. (4) Uchumi Supermarkets, a regional supermarket retailer with headquarters in Nairobi, Kenya, is listed on the Nairobi Stock Exchange, is crosslisted on the USE and the Rwanda Stock Exchange, and plans to crosslist its shares on the Dar es Salaam Stock Exchange. (5) Umeme, the largest electric power distributor in Uganda, is listed primarily on the USE and is crosslisted on the Nairobi Stock Exchange. (7) In February 2015, Ugandan media indicated that both Housing Finance Bank and Crane Bank, which had intended to list their shares on the USE, have since changed their plans and put their IPOs on hold. ==Ownership==

The exchange is owned by 16 stock brokers. In August 2016, a law was passed to allow the owners to sell shares in the stock exchange to members of the public through an initial public offering. The shareholding in the stock of the Uganda Securities Exchange is as depicted in the table below. Note The totals are slightly off due to rounding. ==See also==