As part of ongoing efforts to develop the technological infrastructure of the financial market and to enhance the efficiency and resilience of trading and settlement systems, a technical meeting was held this morning at the premises of The Egyptian Exchange (EGX), with the participation of representatives from the relevant stakeholders.
The meeting provided a comprehensive overview of the trading screens and application programming interfaces (APIs) associated with the derivatives trading system, in addition to the screens and application programming interfaces related to the settlement system.
The meeting was held as part of the ongoing preparations for the launch of the derivatives trading system. It was dedicated to companies providing back-office services to brokerage firms, as well as entities responsible for the in-house development and operation of back-office systems.
The meeting aimed to align technical frameworks and ensure the readiness of all relevant parties ahead of the commencement of the testing and pilot operation phases.
It was also agreed that the action plan will include the provision of technical content by the relevant entities to explain the application programming interfaces (APIs) of the derivatives trading system through the Egyptian Company for Information Dissemination (EGID). In addition, the technical documentation related to the settlement system APIs will be made available through the Central Counter Party Company - “Taswyat”.
The back-office service providers will, within one week, submit updates to the relevant entities on the status of their technical readiness, confirming the completion of all necessary preparations for the commencement of the pilot sessions.
Meanwhile, the meeting emphasized the importance of designating clear points of contact at both Taswyat Company and EGID to ensure timely coordination and efficient responses to any technical inquiries that may arise during the implementation phase.
This initiative forms part of a comprehensive plan aimed at enhancing the efficiency of trading and settlement systems, preparing the market for the introduction of new financial instruments, contributing to the deepening of the Egyptian capital market, improving transparency and operational efficiency, and aligning market practices with international best standards.
