The Egyptian Exchange (EGX) has launched Tasweyat company for clearing services, which specialises in the settlement of futures contracts. The first stage will be offering futures contracts on EGX30 and EGX70 indices, then moving on to higher stocks, then commodities and precious metals. Experts believe that Egypt was somewhat late in launching the futures market, as it will provide much needed liquidity and will help in the recovery of the stock market as well. Futures contracts are also used to generate profits through speculation. Maher added that the success of the futures exchange will depend on teaching both companies and investors how to invest in them and realize their value.
