EGX implements Remote Systems to Ease Communication between Market Participants
30/03/2020
In line with the comprehensive strategy
adopted by The Egyptian Exchange (EGX) to mitigate contagion risk of the
pandemic Coronavirus (COVID-19), EGX launched remote electronic systems for its
different sectors; coding, membership and omnibus system, in addition to the
remote trading system already activated, allowing market participants to work
remotely and insuring business continuity.
Earlier, EGX activated remote working for its employees using smart
technology allowing remote business continuity for its employees
without any need to attend the workplace.
Mohamed Farid Saleh, Executive Chairman of
EGX, said that teams were formed to follow-up on latest developments and deal
with any crisis scenarios to ensure the continuity of work not only internally
but also among market participants.
He added "These developments goes on
pare with the Egyptian government plan for a complete digital transformation”
continuing that all actions taken in this regard are being pursued as necessary
measures to ensure the safety and stability of EGX.