Addis Ababa, Ethiopia – In a groundbreaking move, the Ethiopian Securities Exchange (ESX) has signed two pivotal technology agreements with Infotech Private Limited, a leading global provider of capital markets technology solutions. This collaboration marks a significant milestone in the establishment of Ethiopia’s first-ever securities exchange, positioning the country to become a key player in the global financial markets.
The agreements encompass the design, supply, and installation of an Electronic Trading Platform and a Broker Back Office and Order Management System. These cutting-edge systems are essential to creating a modern, efficient, and transparent capital market in Ethiopia, which will facilitate the trading of securities and enhance the overall market infrastructure.
State-of-the-Art Electronic Trading Platform
The new Electronic Trading Platform is poised to provide a robust, real-time trading environment that ensures market transparency, improves liquidity, and offers a seamless and secure trading experience for both local and international investors. This platform will play a crucial role in accelerating economic growth by enabling companies to raise capital more efficiently while opening new investment opportunities for the Ethiopian public.
Advanced Broker Back Office and Order Management System
The Broker Back Office and Order Management System will automate and streamline the operations of brokerage firms, covering critical functions such as investor client onboarding, order management, reporting, and transaction processing. This system will include mobile application and web-based interfaces that allow investors to monitor the market in real time and place orders directly. By adopting this advanced technology, brokers will benefit from increased efficiency and accuracy, while investors will gain direct market access.
Leadership Perspectives
Dr. Tilahun Esmael Kassahun, CEO of ESX, expressed enthusiasm about the partnership, stating, “This collaboration with Infotech Private Limited is a significant step towards realizing our vision of establishing 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 Ethiopia’s financial sector.”
Echoing this sentiment, Mr. Muhammad Haris Naseer, COO of Infotech Private Limited, remarked, “We are honored 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. We are excited to innovate alongside ESX and introduce more advanced products to the market.”
About Ethiopian Securities Exchange (ESX)
The Ethiopian Securities Exchange (ESX) is set to be the first securities exchange in Ethiopia, dedicated to providing a transparent and efficient marketplace for the trading of securities. As a key component of Ethiopia’s financial sector reform, ESX aims to foster economic growth and development by enabling companies to raise capital and offering investment opportunities to the public.
About Infotech Private Limited
Founded in 1995, Infotech Private Limited boasts three decades of experience in financial and capital market technologies. Their flagship platforms, Capizar® and Marlin®, are tailored to meet the evolving needs of exchanges, regulators, and brokerage communities. Infotech has played a pivotal role in modernizing stock exchanges and post-trade infrastructure in over 17 markets across Africa, the Middle East, and South Asia.
