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Ethiopia Commodity Exchange to launch online trading

10/27/09

Permalink 05:57:47 am, by nazret.com, 170 words, 1135 views   English (US)
Categories: Business, Ethiopia, Agriculture

Ethiopia Commodity Exchange to launch online trading

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Ethiopia Commodity Exchange to launch online trading

By Muluken Yewondwossen

The Ethiopia Commodity Exchange (ECX) is to launch an online trading system next year.
The system, which will include futures trading, will come into operation in the second half of 2010 when 20 remote online trading centres are set up all over Ethiopia.

“Traders can buy or sell from their area using online trading center,” Solomon Edossa, chief technology officer at the ECX told Capital. According to Solomon, while the trading centres are called remote trading centre, they will be fully equipped with the technology and trained staff like the central trading centre. The new trading system will have 10,000 active traders, including ECX members and their clients.

The ECX’s chief technology officer explained that the new system is not limited in its trading capacity: “Due to the number of commodities currently being traded we have projected the number of traders, but if the number of commodities increases in the future the number of participants can increase.”


Read Full Report from Capital ...

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msg Comment from: Jegna [Visitor]
Can we just crawl first before we try to fly?
PermalinkPermalink 10/27/09 @ 12:07

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msg Comment from: c´moi senait [Visitor]
The shabia Troya hore is selling the ethiopia national trad mark to GREEDY world economy.
Be aware my ethiopian, the former cancer are now looting us again in with help of Weyannes.
PermalinkPermalink 10/27/09 @ 12:59

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msg Comment from: tess [Visitor]
this fat beach is selling our coutery
Elene plase leave our people alone you can
stay with your body Meless
PermalinkPermalink 10/27/09 @ 15:03

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msg Comment from: :Lekim Ye-Woyane Leba [Visitor]
I wonder if the Ethio Farmers are going to run around with a laptop and wireless access. Woman please feed the people first and then you can dream about doing something like this.
PermalinkPermalink 10/27/09 @ 15:17

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msg Comment from: Tekulaw [Visitor]
Jegna,

Well said! I have nothing to add. Now, I am seriously skeptical of Dr. Eleni. Is she really claiming that she would like to adopt online trading in Ethiopia? That is laughable. I think she is trying to create fame out of nonsense and unapplicable ideas. Or she is totally disillusioned.

Peace ya'll.
PermalinkPermalink 10/27/09 @ 17:03

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msg Comment from: Wedi Adi [Visitor]
@ TESS
ANT MEYAHM KUTARA ,learn how to write the English language the write way first.
PermalinkPermalink 10/27/09 @ 18:50

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msg Comment from: YeAddis [Visitor]
I am so tired of you all trying to discredit Eleni. At least, she is doing something with with what she knows and believes. How many of you have done anything for your selves, let let alone your country? The world around us is changing so fast...and all we do is whine about the people who are doing something. I if you doun't like what anyone of those people are doing out there, do something s about it...but please, stop your negative attacks...
PermalinkPermalink 10/27/09 @ 18:54

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msg Comment from: ankobar [Visitor]
tekulaw
do yoy know what is loughable ?your defitst and "that is impossible"attiude of yours and your likes.While you and your likes are sitting on your fat butt and criticizing every body,these true sons and dughters of mama ethiopia are changing the face of our country for better.you can bark like a tekula because that is what you are.Thank you dr Eleni &co.
PermalinkPermalink 10/27/09 @ 18:55

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msg Comment from: essu [Visitor]
yes at least she is trying to do something. It is better than opening liquor store.
PermalinkPermalink 10/27/09 @ 19:05

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msg Comment from: Tekulaw [Visitor]
People,

Doing something for sake for doing something is nonsene!
PermalinkPermalink 10/27/09 @ 19:57

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msg Comment from: tess [Visitor]
this is for Wedi Adi are you part of her
Group kiss her fat ass yes she is selling
our country tell her to do better thing
she may have PHD but i don't think she has
the skills kiss her ass Mr
PermalinkPermalink 10/27/09 @ 20:01

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msg Comment from: mls kds gn wld [Visitor]
I'm mad like a hell with those who want to feed the meles kids hard food. They're just kids. They need candies. For this or that mistakes they committ we don't have to spank them. Give them time to soothe.
One more thing. I like the tales written by Eleni. Don't offend her. I'm going to miss those materials for my GED.At least she is contributing to my educaTiON.
And I'm doing something for my country following meles kids advice_they always tell us to do something for the country. Marvelous ADVICE! But they don't feel comfortable when I ask them why they did landlock my country...
PermalinkPermalink 10/28/09 @ 00:05

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msg Comment from: 123 [Visitor]
Online trading, funny:)) farmers in Ethiopia will travel outside the country to charge their laptops and cell phones, what comes first? Weyane weyane:crazy::crazy::crazy:
PermalinkPermalink 10/28/09 @ 19:12

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msg Comment from: c´moi senait [Visitor]
The Shabia TROYA hore has no any idea that she is putting the nations economy on quicksand.

She talk about Laptop and wirles...hahha..let alone the poor farmer drink a clean water which is RARE these days. The farmer are still drinking BROWN water and she is talking NASDAQ. The Crack-head shabia agent(TROJA)hore is now suffering from a brain haemorrhage.
PermalinkPermalink 10/29/09 @ 04:49

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msg Comment from: JIMMA [Visitor]
Why most of us are so negative about all this thing. Please ppl learn to adapt change. I am sure most of us remember when everbody in usa carries beeper before the cell phone becomes like a trash availeble eveywhere, but in ethiopia we never heard of beeper Ethiopian directly landed on cell phone. So according to some of you ethiopia has to go through beeper technology before adapting cell phone. Please open your eyes and move on instade of complaining. For die hard poletcian please get some life breath fresh air any do your own self analysis instaded of try to put your nose everywhere were it doesn't belong. If Dr. Eleni is you blood sister you would be first in line to prise her. For me she is hard working Ethiopian work hard day in and day out to make a change in her country.
PermalinkPermalink 10/29/09 @ 11:26

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