EGX to start developing technological, technical infrastructure
Chairman of the Egyptian Exchange (EGX) Mohamed Farid
Cairo - Mena
Chairman of the Egyptian Exchange (EGX) Mohamed Farid said on Saturday that a development process of the EGX technological and technical infrastructure will start as of next week.
Farid made the remarks during a meeting with chairman of Misr for Central Clearing, Depository, and Registry (MCDR) Mohamed Abdel Salam and EGX deputy head Mohsen Adel in order to discuss coordination between the EGX and the MCDR within the coming period.
The meeting touched on upgrading EGX trading, according to a statement issued by the bourse on Saturday.
Farid asserted that developing the bourse's financial tools is a top priority for the newly-elected EGX board of directors.
Developing trading mechanisms will also contribute to providing funds for Egyptian companies, Farid noted.
Source: Mena
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