Lusaka Securities Exchange (LuSE)

Our story

About the LuSE

The Lusaka Securities Exchange Plc (LuSE) is Zambia’s main securities exchange. We remain very central to the national economic aspirations of being a platform where ideas meet capital and anchor sustainable business growth and wealth creation. Therefore, we offer our clients a wide access to capital markets and liquidity across different asset classes. We operate a broad range of equity, fixed income, and exchange-traded funds/exchange-traded products. For 30 years now we pride in providing a platform that has connected buyers and sellers through financial products, supported by world-class technology and regulatory oversight.

Our Trading Platform

The LuSE has a state-of-the-art trading, clearing and settlement system, provided by Securities and Trading Technology, a leading technology solutions provider. The trading system greatly enhances LuSE’s profile as a dynamic and fast developing market, equipped to meet the challenges and technological needs of an increasingly complex local and international capital market environment.

The system provides the LuSE with an integrated trading, clearing and settlement platform with cutting edge capability that includes the following key functions:

  • Trading and settlement for instruments such as ETFs, fixed income (corporate and government bonds), commodities on the spot market, and depository receipts.
  • Provides multi-asset trading and clearing facilities including Derivatives.
  • Provision to both institutional and retail investors of full order management and order placing capacity, coupled with real-time access to market data, as well as third-party prices on a FIX feed.
  • Direct Market Access allows investors to trade on the Exchange via web/browser interface with approval of their brokers.
  • Investor access to CSD Accounts online, as well as receipt of Accounts Statements by email.
  • Has inbuilt and robust surveillance tools and market replay.
  • Supports Market Making and Turnaround Trading.


The breadth of capabilities the LuSE’s trading system provides are backed by a secure and robust Disaster Recovery Site that places the LuSE at the leading edge of capital market risk management and growth.

Our History

The Lusaka Stock Exchange (LuSE) was established with preparatory technical assistance from the International Finance Corporation (IFC) and the World Bank in 1993. The Exchange opened on 21st February 1994. In its first two years of operations the LuSE and Securities and Exchange Commission (SEC) were funded by the UNDP and Government of Zambia as a project on financial and capital market development in Zambia under the multi component private sector development program.

The formation of the Exchange was part of the government’s economic reform program aimed at developing the financial and capital market in order to support and enhance private sector initiative. The Lusaka Stock Exchange was also expected to attract foreign portfolio investment through recognition of Zambia and the region as an emerging capital market with potentially high investment returns. Another important role of the Exchange was to facilitate the divestiture of Government ownership in parastatals and realization of the objectives of creating a broad and wide shareholding ownership by the citizenry via a fair and transparent process. The LuSE activities are regulated by its own regulations and by-laws, along with the rules, orders and guidance of the Securities and Exchange Commission.