Egypt’s MCDR Chairman: Tests On Delayed Financial Instruments Finalized
Misr for Central Clearing, Depository and Registry (MCDR) said it has finalized the modifications and tests on a number of financial instruments, notably the same-day trading mechanism T+0, postponed since the outbreak of 25th January revolution.
The MCDR Chairman Mohamed Abdel-Salam said all the modifications have been finalized in accordance with the Egyptian Financial Supervisory Authority (EFSA)’s requirements and suggestions.
Abdel Salam further added that the market needs more financial instruments in order to bolster the volume of trades and provide more varieties for the investors.
Elsewhere, Abdel Salam stated that the subsidiary MCDR Sport is currently in talks with one of the UK firms specialized in founding a firm for stadium security. The MCDR Sport seeks the establishment of a sport academy.
