FEDCOC Strives to Found Commodities Exchange in Egypt Soon

The Federation of Egyptian Chambers of Commerce (FEDCOC) is calling the Egyptian authorities for speeding up the inception of commodities exchanges in governorates alongside of sorting and packaging centers.

The federation is keen on developing the internal trade system on the whole. Since 2010, the FEDCOC has been working on advancing the country’s internal trade system.

A commodities exchange is an entity, usually an incorporated non-profit association, that determines and enforces rules and procedures for the trading of commodities and related investments, such as commodity futures. Commodities exchange also refers to the physical center where trading takes place.