{"id":625693,"date":"2018-08-13T04:18:22","date_gmt":"2018-08-13T04:18:22","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/13\/first-futures-exchange-could-launch-by-years-end\/"},"modified":"2018-08-13T04:18:22","modified_gmt":"2018-08-13T04:18:22","slug":"first-futures-exchange-could-launch-by-years-end","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/13\/first-futures-exchange-could-launch-by-years-end\/","title":{"rendered":"First futures exchange could launch by year\u2019s end"},"content":{"rendered":"

<\/a> Egypt\u2019s first futures exchange could be launched before the end of the year, <\/strong>Financial Regulatory Authority (FRA) Vice Chairman Khaled El Nashar tells Al Mal<\/a>. Trading at first will be limited to listed securities, El Nashar said, without elaborating. The FRA is also considering introducing regulations for licensing brokerage firms as market makers<\/a>, which would allow them to both buy and sell securities from their own inventory at prices which they have a measure of control over. The introduction of new financial instruments, which was made possible by the new Capital Markets Act and its executive regulations<\/a>, means to boost the EGX\u2019s trading volumes, according to El Nashar.<\/p>\n

Background: <\/strong>The Capital Markets Act includes provisions on the establishment of futures and commodities exchanges, as well as the introduction of sukuk, green bonds, and margin trading. We had heard earlier this month that the EGX and Oil Ministries were meeting to decide on the framework for a natural gas exchange. We had also heard in May<\/a> that Financial Regulatory Authority boss Mohamed Omran had tasked a committee with drafting the rules and regulations that would govern futures exchanges, which are part of a four-year strategy<\/a>to develop Egypt\u2019s non-banking financial sector. New regulations to govern short-selling<\/a> are also in the works and expected to be complete by 3Q2018.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt\u2019s first futures exchange could be launched before the end of the year, Financial Regulatory Authority (FRA) Vice Chairman Khaled El Nashar tells Al Mal. Trading at first will be limited to listed securities, El Nashar said, without elaborating. The FRA is also considering introducing regulations for licensing brokerage firms as market makers, which would […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-625693","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"6d55fcf0-d025-4d31-a349-627db6847cc2","order":"0","is_powered_by":true,"section_story_id":"525a9782-ac41-4983-8e49-a19eace382b5","story_type":"1","photo_url":"","photo_position":"above","related_issue":[625686],"teaser":"","voice_url":""},"yoast_head":"\nFirst futures exchange could launch by year\u2019s end - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/13\/first-futures-exchange-could-launch-by-years-end\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"First futures exchange could launch by year\u2019s end\" \/>\n<meta property=\"og:description\" content=\"Egypt\u2019s first futures exchange could be launched before the end of the year, Financial Regulatory Authority (FRA) Vice Chairman Khaled El Nashar tells Al Mal. 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The decree\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":628368,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/02\/fra-raises-minimum-required-ownership-stake-for-mtos-to-50-from-33\/","url_meta":{"origin":625693,"position":3},"title":"FRA raises minimum required ownership stake for MTOs to 50% from 33%","author":"enterpriseam admin","date":"2 May 2018","format":false,"excerpt":"EXCLUSIVE- FRA raises minimum required ownership stake for MTOs to 50% from 33%: The Financial Regulatory Authority (FRA) has approved regulatory amendments that require investors who own more than 50% of a listed company to make a mandatory tender offer to purchase the remaining shares, up from 33% currently, FRA\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575672,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/22\/were-getting-closer-to-a-final-decision-on-the-ownership-structure-of-egypts-new-futures-exchange\/","url_meta":{"origin":625693,"position":4},"title":"We\u2019re getting closer to a final decision on the ownership structure of Egypt\u2019s new futures exchange","author":"enterpriseam admin","date":"22 October 2020","format":false,"excerpt":"REGULATION WATCH- We\u2019re getting closer to a final decision on the ownership structure of the new futures exchange \u2014 and private sector involvement is still part of the plan, according to a report in Al Mal\u2019s print edition that cites sources it says are in the know. The working group\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/10\/239.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":624379,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/06\/short-selling-to-be-introduced-early-in-2019-futures-market-regs-under-study-this-year\/","url_meta":{"origin":625693,"position":5},"title":"Short-selling to be introduced early in 2019, futures market regs under study this year","author":"enterpriseam admin","date":"6 September 2018","format":false,"excerpt":"**#6 REGULATION WATCH- Short-selling to be introduced early in 2019, not this month: Shorts will be on the menu for investors in early 2019, the Financial Regulatory Authority (FRA)\u2019s deputy chairman told Reuters yesterday. 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