Cairo – February 24, 2025: The Egyptian Exchange (EGX) is upgrading its trading infrastructure through a partnership with Nasdaq aimed to implement a new trading system, which is expected to be fully operational by the end of 2025.
The system will unify all financial instruments, such as derivatives and carbon certificates, within the EGX platform.
Ahmed El Sheikh, Chairman of the EGX, noted that the partnership would also focus on enhancing trading supervision systems to ensure more efficient market operations and better investor protection.
These improvements are designed to enhance the quality of listed securities by improving disclosure practices, ensuring compliance with listing rules, and optimizing investor relations.
In addition to these upgrades, there will be a review of the regulations governing the calculation of instantaneous closing prices and the daily closing price auction session.
The goal is to enable the activation of new features that will improve trading efficiency and support market growth.
El Sheikh believes the upgrade will greatly enhance the effectiveness of the EGX, supporting its goal to strengthen Egypt's position in the region’s financial landscape.
This collaboration with Nasdaq reflects the Egyptian Stock Exchange's commitment to adopting international best practices and aligning with global financial market trends.
The new system will provide a robust foundation for diversifying financial instruments available on the exchange, such as carbon certificates, renewable energy certificates, and exchange-traded funds (ETFs), all while advancing the digitalization of international depositary receipts (GDRs).
Along with this overhaul, the EGX is also focusing on the development of the secondary market for debt instruments.
As part of its strategy, the stock exchange plans to allow individuals to trade government debt instruments directly through brokerage firms, enabling these firms to trade them through primary and secondary dealers. This initiative will provide increased access to the debt market, further diversifying financial instruments available to investors.
The EGX is addressing growing concerns in the market regarding violations by some listed companies, and is taking steps to implement corrective measures aimed at preventing the recurrence of such violations.
El Sheikh emphasized that while forced delisting remains a last resort, the EGX is committed to exploring other measures first in order to maintain a healthy and transparent market environment.
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