What is the Ethiopian commodity exchange market and its operation?
The ethiopian commodity exchange (ecx) was established to modernize commodity trading in ethiopia. Traditionally, trading was inefficient, opaque, and risky. The ecx introduced an electronic trading system using standardized contracts and warehouse receipts to increase transparency, efficiency, and market access. The ethiopian securities exchange (esx) is ethiopia’s first, and only organized securities exchange. Esx is established as a public private partnership in line with article 31 of the capital market proclamation (no. Ethiopian capital market authority (ecma).