CI Capital Securities Brokerage, SHUAA Securities In talks for market maker license.

CI Capital and Shuaa Securities Egypt want to become market makers: CI Capital Securities Brokerage and Shuaa Securities Egypt are in talks with the Egyptian Exchange to become market makers, according to local press reports. Brokerage firms are standing in line for the market maker license after the EGX issued its regulations earlier this month. Under the regulations, brokerages are required to receive approval from the Financial Regulatory Authority (FRA) to act as market makers, after which they must register with the EGX before carrying out any transactions.