Addis Ababa, Ethiopia – The Ethiopian Securities Exchange (ESX) is pleased to announce the signing of two pivotal technology agreements with InfoTech Private Limited, a leading global provider of capital markets technology solutions. These agreements mark a significant step forward in the development of Ethiopia’s first-ever securities exchange.
The agreements cover the design, supply, and installation of an Electronic Trading Platform and a Broker Back Office and Order Management System. These systems are integral to the establishment of a modern, efficient, and transparent capital market in Ethiopia, facilitating the trading of securities and enhancing the overall market infrastructure.
Electronic Trading Platform
The Electronic Trading Platform will provide a state-of-the-art trading environment that supports real-time transactions. This platform is designed to ensure market transparency, improve liquidity, and offer investors, both local and international, a seamless and secure trading experience. With this platform, ESX aims to become a catalyst for economic growth by enabling companies to raise capital more efficiently and providing new investment opportunities for the Ethiopian public.
Broker Back Office and Order Management System
The Broker Back Office and order Management System is designed to automate and streamline the operations of brokerage firms. This system will handle critical functions such as onboarding of investor clients, order management, reporting, and transaction processing. The system also includes various mobile application and web-based interfaces that allow investors to have real time market watch and place orders directly. By implementing this advanced system, brokers will be able to operate with greater efficiency and accuracy, while also ensuring direct market access to investors.
Statements
Dr. Tilahun Esmael Kassahun CEO of ESX, commented:
“This partnership with InfoTech Private Limited represents a significant milestone in the realization of our vision to create a world-class securities exchange in Ethiopia. The technology solutions provided by InfoTech will not only modernize our trading operations but also contribute to the broader development of the financial sector in Ethiopia.”
Mr. Muhammad Haris Naseer, COO of InfoTech Private Limited, added:
“We are honoured to contribute our expertise to this historic project in Ethiopia. Our commitment to delivering top-tier technology solutions aligns perfectly with ESX’s vision of a robust and vibrant capital market. Our teams are very excited on this partnership, and we hope to innovate together with ESX and bring more advanced products to market.”
About Ethiopian Securities Exchange (ESX)
The Ethiopian Securities Exchange (ESX) is set to be the first securities exchange in Ethiopia, established to provide a transparent and efficient marketplace for the trading of securities. The exchange is a key component of Ethiopia’s financial sector reform, aimed at fostering economic growth and development by enabling companies to raise capital and offering investment opportunities to the public.
About InfoTech Private Limited
Established in 1995, InfoTech has three decades of experience in Financial & Capital Market Technologies. Their flagship platforms Capizar® and Marlin® are designed to address the evolving needs of Exchanges, Regulators and Brokerage Communities. They have an extensive profile across Africa, Middle East & South Asian regions, where they have played a pivotal role in modernizing Stock Exchanges and Post-Trade infrastructure in over 17 markets.
