When activity picks up trading should take place twice a week- on Tuesdays and Thursdays from 10.00a.m. USE will be closed on all Ugandan public holidays. Trading System Initially trading will be conducted at the USE floor under a continuous Open outcry Auction trading system. The representatives of licensed dealing members will converge at the trading floor and trade by shouting their orders to a board writer who records the orders on the board. A trade will be effected when a bid and an offer are matched.
Trading is commenced and ended by ringing of a bell.
The USE Council has approved that the Exchange will eventually go to electronic trading once funding is sourced to enable this process move forward. In future linkages will be sought with both regional and international markets. The USE is sourcing funding to enable the installation of a central depository program to replace most of the physical delivery and settlement processes in the near future. Type of Security Traded Corporate Bonds, Ordinary Shares, Treasury Bills, Commercial Paper and Government Bonds. There are no restrictions to foreign investors in the Ugandan market.