News Details
EGX Develops a Program for Consolidated Financial Data of Brokerage Firms to Increase Market’s Transparency & Disclosure
The Egyptian Exchange (EGX) developed a program to be linked to brokerage firms to place their financials as part of EGX’s keenness for technological development and increasing level of transparency in the Egyptian market.
EGX addressed the brokerage firms to send their financial statements; consolidated financial statements, budget and electronically cash flow list from the financial statements to be collected through a new electronic system allowing it to be published through EGX's website.
The new program allows different parties to prepare studies on the brokerage sector, as well as giving an overview to any company wants to add brokerage activities to it.