Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

CCData-468x60x2.jpg BT_Radianz_468x60_Jul23 FEAS 30th Anniversary Conference

EGX Issues The Organizing Decision To Activate The "Market Maker" Activity Issued In 2007

Date 08/01/2019

EGX Issues Decision Activating Market Maker in the Egyptian Market

EGX Chairman, Mohamed Farid Saleh, issued a decision for the activation of market maker in the Egyptian market.   

EGX set the criteria for brokerage firms allowing them to act as market makers and was approved by the Egyptian Financial Regulatory Authority (FRA).  The decision states the criteria, registration steps, technical requirements, experience and competence required for applying for this activity along with EGX’s membership rules.  The decision is to be active starting 6th of January 2019.

This comes as part of EGX management’s efforts to develop the market, its mechanisms and tools to increase the depth and efficiency and competitive of the Egyptian capital market.

EGX Chairman, Mohamed Farid, said that adding market maker activity to the Egyptian Market will contribute to increasing liquidity in the market.

It is worth mentioning that The Egyptian Exchange’s proposal of adding market maker activity to the Egyptian market was adopted by the Capital Market Authority and raised to Ministry of Investment which approved it with decision number 293 for the year 2007.

MV 120 X 600 Hard to Reach BT_Radianz_120x600_Jul23.jpg FEAS_2025_MondioVisione_120x600-banner