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Thursday, 28 March 2019

Central Bank of Egypt, Misr Clearing working on regs for derivatives trading

REGULATION WATCH- EGX, Misr Clearing working on regulations for derivatives trading: Misr for Central Clearing, Depository & Registry (MCDR) and the EGX are finalizing the regulations and infrastructure needed to launch derivatives trading in Egypt, MCDR Chairman Mohamed Abdel Salam tells Al Mal. Derivatives trades will be settled through a new electronic platform, according to Abdel Salam. EGX boss Mohamed Farid had previously said derivatives would be part of a string of new products and instruments the bourse is planning to launch, including margin trading on ETFs (which were rolled out last year) and short-selling (which should be introduced soon).

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