A Stock Exchange is the physical location where the stock market in a country is traded, or the electronic platform used to effect such trade. In Rwanda; the Rwanda Stock Exchange is currently the only licensed stock exchange.
Organized and regulated financial market where securities are bought and sold at prices governed by the forces of demand and supply, Stock exchanges impose stringent rules, listing requirements, and statutory requirements that are binding on all listed and trading parties.
The capital market authority is the overall industry regulator in Rwanda. It was established by an act of parliament to promote, regulate and facilitate the development of an orderly, fair and efficient capital market in Rwanda.
It is also known as a share of stock. A stock is a small share that represents a partial ownership of a company. Stocks are issued by companies.
The Central Exchange Depository System can be compared to a bank where the records of all share holding of listed companies are kept. It is data base where investors can open accounts called Central Exchange Depository (CSD) and debit them with shares/bonds for the purpose of trading.
Central Depository Agent can either be a stockbroker or a custodian bank that has been granted authority by central bank (BNR) to open, close or transfer accounts in the central depository system on behalf of investors.