Radwan: Brokerage firms are a key partner in implementing the development strategy of the Egyptian Exchange
The Egyptian Exchange continues implementing its vision to develop the financial market through enhancing cooperation with all market’s parties, expanding range of investment tools and mechanisms, contributing to improve trading efficiency, increase market’s depth, and attract more investments.
In this context, Mr. Omar Radwan, EGX Executive Chairman, held an extensive meeting with leaders of brokerage firms, discussing work priorities during the upcoming stage as well as reviewing several proposals and regulatory procedures, aiming to develop market’s infrastructure in coordination with the Financial Regulatory Authority (FRA).
The meeting witnessed discussing several topics related to developing the financial market, on top of which is expanding investment tools and mechanisms that contribute to enhancing market’s efficiency, boosting liquidity levels, and providing a more attractive environment for investors. The attendees listened to a detailed explanation of the advantages of the new program that is being currently developed to complete improving the trading market.
Omar Radwan emphasized that the brokerage firms are a key partner in implementing the development strategy of the Egyptian Exchange, highlighting the importance of continuing dialogue and coordination with all market’s parties, supporting competitiveness of the Egyptian financial market and enhancing investors’ trust.
Omar Radwan added that EGX aims during the upcoming period to diversify the financial mechanisms, besides intensifying efforts of promoting investment and listing, implementing programs to spread financial literacy, contributing to expand investors base and enhance activity of the market.
Mr. Omar Radwan concluded the meeting listening to the proposals and comments of brokerage firms’ representatives. He confirmed continuity of discussions and cooperation with the financial market community, supporting development plans and serving interests of market’s participants in the region.
