Other weaknesses require cooperation and collective action by firms. For example, firms could reduce risk and increase efficiency as they improve their individual back office procedures. Risk could also be reduced through centralized mechanisms to execute and settle trades. Regulatory, legal, and operational barriers currently prevent some of these mechanisms from being used.
Total turnover in the secondary market increased by 12.5 percent to UGX 3.6 trillion in 2016 from UGX 3.2 trillion in 2015. Page 3 of 7  However,  there  remain  challenges  in  the  distribution mechanism of Government securities, and we would like to see more vibrancy in the secondary market.