2merkato

Ethiopian Commodity Exchange (ECX) disclosed it has launched online trading system for marketers to engage in trade wherever they are.

The system started operation in July 2015. The online trading system intends to boost access to ECX and its services, build capacity of different stakeholders and increase efficiency.

For the time being the e-trading has been launched in Addis Ababa, Ethiopia but ECX has a plan to launch the service in Hawassa, Humera and Nekemte, trading centers to be established.

380 representatives and members after completing a certification exam and passing some preliminary screening are now certified to use the online trading system.

ECX started business in April 2008 with 100 members. It trades six types of commodities.

Source: Ethiopian News Agency

The Ethiopian Commodity Exchange (ECX) announced it facilitated transactions worth Birr 5.3 billion over the past three months, surpassing its target by 17%, according to CEO Wondimagegnehu Negera.

Ethiopia Commodity Exchange (ECX) announced that it shared its experience in modern trading systems to the officials of Mozambique Commodity Exchange and Reserve Bank of Malawi for three days, August 13 – 15, 2019.

Ethiopian Commodity Exchange (ECX) said it was set to commence a new service which allowed traders to use warehouse receipts which would be given out by the organization as collateral when they needed short term loans from the banks.

ECX is set to pilot an IBM enabled national traceability system, eATTS starting from January 2016, with coffee, according to The Reporter.