Deepening Liquidity: A Market-Making Framework for EGX
Proposes a tiered market-maker regime with obligations calibrated to free float, incentive rebates funded from tariff savings, and an evaluation scorecard for spread and presence commitments.
Education, research, regulatory guidance and terminology, maintained by ECMF committees and reviewed each quarter.
Structured primers on how the Egyptian Exchange, clearing, settlement and custody actually function, written for new entrants and non-specialists.
Plain-language material on risk, diversification, fees, disclosure rights and how to verify that an intermediary is licensed.
Quarterly analytical notes on liquidity, sector rotation, foreign participation and the impact of monetary policy on market depth.
Practitioner guides to FRA rulebooks, AML/KYC obligations, disclosure timelines and governance codes.
Longer-form technical positions on market design: derivatives introduction, market making, short selling and settlement finality.
White papers, quarterly research notes, regulatory guides and primers issued by ECMF committees. Summaries are public; full datasets are released to member firms through the Members Portal.
Proposes a tiered market-maker regime with obligations calibrated to free float, incentive rebates funded from tariff savings, and an evaluation scorecard for spread and presence commitments.
Reviews the operational preconditions for single-stock futures and index derivatives, including margin models, member default management and the capital treatment of clearing exposures.
Sets out a locate-and-borrow model, eligible-securities criteria, disclosure thresholds and circuit-breaker interactions drawn from comparable frontier and emerging markets.
Decomposes all-in trading costs for retail accounts across commission, exchange, depository and stamp components, and models the elasticity of turnover to a tariff reduction.
Tracks non-resident net flows, hedging cost, and the repatriation queue against EGX30 breadth, with a sector attribution of the post-liberalisation re-rating.
Quantifies how concentrated free float in banks and telecoms shapes index behaviour, and what a broader listing pipeline would do to benchmark diversification.
Step-by-step client onboarding controls, identification, beneficial ownership, PEP screening, risk rating, ongoing monitoring and record retention, mapped to FRA and Money Laundering Combating Unit expectations.
Consolidates periodic and event-driven disclosure duties, materiality assessment, insider list maintenance and the mechanics of trading-halt requests.
Walks through FRA ESG and TCFD-aligned disclosure templates, data sourcing, board sign-off and common completion errors observed in prior filing cycles.
Follows one order from placement through matching, clearing at MCDR, cash leg, custody transfer and failure handling, with the timeline every operations desk should know.
Annotated walkthrough of contract notes and monthly statements: fees, holdings, corporate action entries, and the red flags that warrant a query to your firm.
How to confirm a firm's FRA licence and permitted activities before transferring funds, and what protections apply if a dispute arises.
Works out the settlement date for a trade on the Egyptian Exchange, skipping the Friday-Saturday weekend.
Not a trading day, EGX is closed Friday and Saturday.
Indicative only. Official market holidays are not applied; confirm against the EGX calendar and your custodian's cut-off times.
Breaks an equity order into commission, exchange, depository and stamp components so investors can see the all-in cost of a trade.
Indicative only, using default tariff assumptions for illustration. Your firm's published schedule and contract note govern actual charges.
The recurring reporting obligations that listed issuers and member firms plan around. Always confirm the current rulebook before filing.
| Obligation | Frequency | Filing window |
|---|---|---|
| Annual audited financial statements | Annual | Within 90 days of year end |
| Interim financial statements | Quarterly | Within 45 days of period end |
| Material event disclosure | Event-driven | Immediately, before market open |
| Board and governance report | Annual | With the annual financial statements |
| Sustainability (ESG) disclosure | Annual | Within the annual reporting cycle |
| Major shareholding notification | Event-driven | Same or next trading session |
Every ECMF member firm holds a current FRA licence. Check the Member Directory, then confirm the licence number against the FRA public register before opening an account.
Most listed equities settle on a T+2 basis through MCDR, with same-day settlement available for selected instruments under intraday trading rules.
Summary research is public. Full datasets, member surveys and committee papers are available to member firms through the Members Portal.
No. ECMF is an industry federation. We publish market education and research; investment advice may only be provided by FRA-licensed advisors.
Yes, with attribution to the specific publication and its issue date. Redistribution of full datasets requires written consent from the Secretariat.
They are indicative educational tools built on published market conventions and default tariff assumptions. They are not quotations, your firm's contract note governs.