The Egyptian Exchange (EGX) Launches Its New Surveillance Ssystem “MillenniumIT”

The Egyptian Exchange (EGX) launched the live operation of the new automated surveillance trading system from “MillenniumIT”, a member of London Stock Exchange Group (LSEG). This new system uses the best practices and new technologies to control and monitor the mechanisms for the abnormal, miss-uses of the regulations, and manipulations in the Egyptian capital market. It tightens the control over the market by accurately and rapidly identifying abusive behaviours to ensure a fair, efficient and transparent market for all participants. It also oversees and inspects the daily trading activities via high quality and effective technological techniques.
EGX contracted “MillenniumIT” to update, customize, and qualify the system in order to meet requirements of trading and regulations of the Egyptian stock market.