Trading System

Trading on RSE is conducted through a dual process:
An open outcry trading session is conducted at the trading floor during formal trading hours (9:00 AM to 12:00 PM).
Members trade through an Over the Counter market (OTC) where a member is allowed to buy or sell directly to clients in
their offices. Equally, members are allowed to transact with other members either face to face or through the telephone after the formal trading hours of the normal working days.
All OTC transactions have to be reported to RSE not later than 1 hour after the transaction(s), and shall be reported in the next formal trading session for purposes of settlement.

Electronic platform

An appropriate electronic platform for securities trading will be introduced in due course as trading activities increase to justify the investment. The existing rules will be translated into electronic language with modifications to the rules to fit an electronic trading environment.

Trading Rules

The trading rules adopted for the secondary market were designed to meet the basic principle of an efficient price discovery mechanism in a new start upmarket.

The rules capture the key objectives of a well-functioning trading system and are very similar to those in the rest of the East African markets.

The key objective of the rules is to promote a trading system that is efficient in price discovery

Fair to all participants

Transparent

Affordable

Maximizing liquidity

Appropriate for the RSE market in Rwanda

Adaptable to the trading of equities and/ debt instruments and that will be easy to transform into an electronic trading environment.