ECX moving online

The Ethiopian Commodity Exchange(ECX), the electronic commodity trading association. is to convert to online trading in the third quarter of the current budget year.

Solomon Edossa, Chief Information Technology Officer of the Exchange, said that ECX will move forward with the new services. When ECX commenced operation in 2008, it was reported that it would begin online and futures trading. But currently, it is conducting physical trading from its headquarters located at Medico Square in Addis.

Stating that the project is being carried out by Ethiopians.

Trading will being in Addis and Six other Selected remote centers outside Addis.

Online trading will allow actors to trade from anywhere, without appearing on the central trading floor.  It is scheduled to be lunched on March 2014.