Ethiopia’s securities exchange is set to receive a major technological upgrade, having signed two landmark agreements for an Electronic Trading Platform (ETP) and a Broker Back Office and Order Management System (BBOMS).
These agreements with Infotech Private Limited, announced today, August 13, 2024, represent a pivotal step in establishing Ethiopia’s inaugural exchange, which is expected to launch in the coming months.
Hassan Javid, General Manager of Marketing at Infotech, expressed his confidence that the platform will be ready for the upcoming exchange.
“We have a proven track record of delivering the platform on time, as evidenced by our successful launches in over 18 markets across the region,” he told Shega via email.
Infotech Private Limited boasts extensive global experience, having digitized stock exchanges in Rwanda, Malawi, and Ghana, as well as the Capital Markets Authority of Kenya, among others. The company has also played a crucial role in providing post-trade infrastructure in various markets. “We have a solid African footprint,” Javid emphasized.
The Electronic Trading Platform will provide a trading environment that supports real-time transactions. This platform aims to ensure market transparency, improve liquidity, and offer investors, both local and international, a seamless and secure trading experience.
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