EGX: New Development In Over-The-Counter

Wednesday, 25 February 2015

The Egyptian Exchange (EGX) announced the launch of the second phase of the (Over – The – Counter) OTC market’ restructuring process to become a fully computerized market by allowing the parties wishing to implement buy and sell of the shares of non-listed shareholding companies to add orders on private screens without a prior agreement between the parties, and the implementation will be automatic through the electronic system which is similar to the main market mechanism.