Ethiopian Securities Exchange (ESX) is on track to launch its real-time trading platform in the coming months, marking a momentous milestone for the country’s capital market.
A climactic component of this development was a partnership with Infotech Private Limited, a global leader in capital markets technology. The agreement, signed last week by ESX CEO Tilahun E. Kassahun and Infotech COO Muhammad H. Naseer, covers the design, supply, and installation of both an electronic trading platform and a broker back office and order management system.
The new platform will provide a modern, efficient, and transparent trading environment for investors, while the back-office system will streamline operations for brokerage firms.
“This partnership is a major step towards realising a world-class securities exchange in Ethiopia,” said Tilahun.
Infotech, with its three decades of experience in the financial sector, brings a wealth of expertise to the project. Muhammad expressed confidence in the partnership, indicating commitment to deliver cutting-edge technology solutions that will support ESX in creating a robust and vibrant capital market.
The Exchange has achieved a remarkable feat recently, surpassing its initial capital requirement by more than twofold. Raising a total of 1.51 billion Br capital, the Exchange paves the way for establishing Ethiopia’s first stock exchange.
