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.
The Ethiopian Commodity Exchange (ECX), is to switch to online trading in the third quarter of the current fiscal year, capital reported.
Currently, the exchange conducts physical trading from its headquarters located at Mexico Square in Addis Ababa, Ethiopia.
The Ethiopian Commodity Exchange (ECX) revealed that it conducted transactions totaling nearly Birr 19.4 billion over the past nine months. This involved trading 172,000 metric tons of various agricultural commodities.
