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Thndr Claps » EGY Claps » EGX 🔔 » Trading on Egyptian Commodity Exchange will start soon 🔔

Trading on Egyptian Commodity Exchange will start soon 🔔

by Ziad Amin
June 1, 2022

The Clap
EGX Chairman Dr. Mohamed Farid said that preparations are underway to officially start trading on the Egyptian Commodity Exchange (EMX). 

Backstory
In January 2020, Prime Minister Mostafa Madbouly issued a license to establish the Egyptian Commodity Exchange.

The deets
Several companies had to obtain EMX memberships in order to become licensed EMX brokers.

Dr. Farid also said that some trading operations for wheat were activated in order to prepare for the official launch.

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