EGX Develops a Program for Consolidated Financial Data of Brokerage Firms to Increase Market’s Transparency & Disclosure
30/12/2019
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.