Egypt’s new bourse chief says to push derivatives, market-making in bid to boost liquidity

Islam Azzam, the newly appointed head of Egypt’s stock exchange (EGX), said his top priorities include launching derivatives and activating market-making to expand trading volumes and strengthen competitiveness.

On his first day in office, Azzam told Prime Minister Moustafa Madbouly, Financial Regulatory Authority (FRA) Chairman Mohamed Farid, and Finance Minister Ahmed Kouchouk that the bourse would continue to be guided by supply and demand while adding new products to lure local and foreign investors.

“The goal is deeper liquidity and a more attractive market,” he said.

Attribution: Amwal Al Ghad English