The African Exchanges Linkage Project (AELP) has launched an e-platform (The AELP Link), enabling seamless cross-border securities trading among seven African stock exchanges representing 2,000 companies with roughly $1.5 trillion market capitalization.
The AELP Link Trading Platform incorporates stock market integration, an order routing system, and market and order-book data sharing. AELP is a joint initiative of the African Securities Exchanges Association (ASEA) and the African Development Bank. Through a grant from Korea-Africa Economic Cooperation Trust Fund (KOAFEC), the Bank is funding ASEA’s phased rollout of the project.
The launch took place on 7 December 2022 on the sidelines of the ASEA 2022 Annual General Meeting and Annual Conference, which is taking place in Abidjan, Cote d’Ivoire, from 7 to 9 December 2022.
Executives from African stock exchanges, the African Development Bank, institutional investors, stockbrokers, and the investor community attended the launch.
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