The Ethiopian Securities Exchange (ESX) has announced the signing of two significant technology agreements with Infotech Private Limited, a leading global provider of capital markets technology solutions. This marks a major advancement in the establishment of Ethiopia’s first-ever securities exchange.
The agreements involve the design, supply, and installation of an Electronic Trading Platform and a Broker Back Office and Order Management System. These systems are crucial for creating a modern, efficient, and transparent capital market in Ethiopia, enhancing the trading of securities and the overall market infrastructure.
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The new Electronic Trading Platform will offer a cutting-edge trading environment that supports real-time transactions. Designed to ensure market transparency and improve liquidity, this platform aims to provide both local and international investors with a seamless and secure trading experience. With this initiative, ESX seeks to stimulate economic growth by enabling companies to raise capital more effectively and providing new investment opportunities for the Ethiopian public.
The Broker Back Office and Order Management System will automate and streamline brokerage operations, managing essential functions such as client onboarding, order management, reporting, and transaction processing. It features mobile applications and web-based interfaces that allow investors to monitor the market in real time and place orders directly. This advanced system will enhance brokers’ efficiency and accuracy while ensuring direct market access for investors.
Dr. Tilahun Esmael Kassahun, CEO of ESX, remarked,
“This partnership with Infotech Private Limited signifies a pivotal milestone in our vision to establish a world-class securities exchange in Ethiopia. The technology solutions from Infotech will modernize our trading operations and contribute to the broader development of Ethiopia’s financial sector.”
Mr. Muhammad Haris Naseer, COO of Infotech Private Limited, stated,
“We are honored to lend our expertise to this historic project in Ethiopia. Our commitment to delivering top-tier technology aligns perfectly with ESX’s vision for a robust and vibrant capital market. We look forward to innovating together and bringing advanced products to market.”
The Ethiopian Securities Exchange is set to become the first securities exchange in Ethiopia, aimed at providing a transparent and efficient marketplace for trading securities. It is a key element of Ethiopia’s financial sector reform, designed to foster economic growth by enabling companies to raise capital and offering investment opportunities to the public.
Founded in 1995, Infotech has over three decades of experience in Financial and Capital Market Technologies. Their flagship platforms, Capizar® and Marlin®, cater to the evolving needs of exchanges, regulators, and the brokerage community. Infotech has significantly contributed to modernizing stock exchanges and post-trade infrastructure across more than 17 markets in Africa, the Middle East, and South Asia.
