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November 1, 2025 | 5 days ago
Buying and selling securities on the Algiers Stock Exchange: Digitization project “at a very advanced stage”
The project to digitize the procedures for buying and selling securities on the Algiers Stock Exchange, i.e., orders issued through stockbrokers to subscribe to or sell shares and bonds, “has reached a very advanced stage,” according to the Commission for the Organization and Supervision of Stock Exchange Operations (COSOB).
In a statement released the day before yesterday on its social media accounts, COSOB, which acts as the national stock exchange authority, reported that its services had organized " working sessions with stockbrokers (IOBs) with a view to finalizing the project to digitize stock market buy and sell orders, in accordance with Instruction No. 24-10" on methods of placing stock market orders. The local stock market supervisory authority specifies that this digitization project is at a very advanced stage in terms of "the development of digital platforms specific to each stockbroker," which are designed to enable, once operational, "the transmission and tracking of purchase and sale orders," as well as "the consultation of securities balances and the ability to automatically schedule these orders," as explained in the same press release. This project to transition from paper to digital for the purchase and sale of shares and bonds on the Algiers stock market in Algiers was initiated, it should be recalled, at the beginning of the current year with the entry into force of the Cosob instruction, dated December 31, 2024, setting out the new procedures for placing and executing stock market orders, i.e., orders to buy or sell securities. The new regulatory procedures officially include electronic and telephone media via digital platforms for the issuance and tracking of stock market orders by subscribers and sellers, with a view to accelerating the revitalization of the Algerian financial market, according to details provided by the Cosob, which had then instructed approved IOBs to ensure compliance with the obligation to comply with these new provisions within six months. The Cosob also explained in the same context that these new procedures constitute "an important step forward" in the strategy to modernize the domestic financial market, while being fully in line with efforts to "improve the transparency, efficiency, and security of stock market transactions." In the same vein, it should also be noted that in June 2024, Cosob officially signed an important framework agreement with the Government Electronic Certification Authority (AGCE) with a view to enabling the digitization of stock market orders and thus paving the way for the possibility of issuing requests to buy or sell securities to IOBs via remote platforms enabling online electronic signature and certification.
November 2, 2025 | 
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