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Primary Dealers  

Primary Dealers System

An electronic trading system was developed by EGX to operate the Primary Dealers System through which the trading is conducted according to the clean price. In addition, the yield to maturity, the current yield, the duration and the accrued interest are calculated automatically.

The Primary Dealers System is linked electronically to the primary dealers, custodians and Misr for Central Clearing, Depository and Registry (MCDR) Company.

The Primary Dealers System was introduced to activate the bond market and enhance its liquidity, in addition to reducing the cost of borrowing for the government and providing the Central Bank with financial tools that would facilitate its intervention in the secondary market via open market operations.

Primary dealers' main functions are to underwrite the initial offering of the government securities in the primary market and to act as market makers in the secondary market.

List of Primary Dealers
Primary Dealers As of  17/07/2019
1Credit Agricole Egypt
2Commercial International Bank- Egypt
3Arab Bank Ltd
4Suez Canal Bank
5Qatar National Bank AL Ahli
6Export Development Bank of Egypt
7Barclays Bank - Egypt (S.A.E)
8Egyptian Gulf Bank
9HSBC Bank-Egypt
10National Bank of Egypt
12Banque Misr
13Banque du Caire
14Bank of Alexandria
15Arab African Bank
16Misr Iran Development Bank