Egypt Launches Derivatives Market With First EGX Futures License

Financial Regulatory Authority has granted the Egyptian Exchange its first license to trade futures contracts linked to locally listed securities, marking the formal launch of Egypt’s financial derivatives market.

The rollout will take place in four phases. The first phase will start in March with futures contracts based on the EGX30 index. The second phase will introduce futures on the EGX70 index, followed by futures on individual stocks in the third phase. The final phase will add options…