The Commodity Exchange is planning to launch new products on its trading platform this year, including petrochemicals, iron, cotton, and some agricultural produce. The exchange is also discussing with the General Petroleum Authority to include grease and oil products for trading. El Gharaihy, speaking at the first Commodity Exchange conference, said that the membership rules have been finalized and will be approved in the first board meeting to be held soon. He said that the current focus is on preparing the trading operation rules to transition the Commodity Exchange from auctions to actual trading. It also provides regular reports and statistics on commodity trading, serving as one of the mechanisms for hedging.


Source:   Daily News Egypt
January 21, 2024 07:48 UTC