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ECX Citizen Charter.pdf


ECX Head Office

Al-Sam Tower 2, 3rd Floor

Lideta

Addis Ababa

Ethiopia

Tel: +251 11 554 7001

Fax: +251 11 554 7010

P.O.Box: 17341



How to be a member at ECX

The Ethiopian Commodity Exchange has two types of members, i.e Ordinary and Limited members. Both types of Memberships are currently closed. , Additional Ordinary or Limited Memberships will be available in the future so please continue to check the website.
 

 ECX members are the core actors of the Exchange. A membership seat is a permanent and transferable right to trade on the Exchange. Members can be any individual, company, public enterprise, or cooperative that meet the membership requirements. Members enjoys the governance of ECX as they have the right to elect the 5 members of board of directors of ECX . Owners of membership seats, or Members, are required to follow the Rules of the Exchange and thus maintain the integrity of the ECX marketplace. Members are liable for the transactions they conduct through ECX.
 
 ECX offers two types of membership:

  • Ordinary Members, whose membership seat is permanent and freely transferable, and who can trade in any commodity but in one trading position.
  • Limited Members, created to accommodate smaller actors, whose membership seat is limited to one year, to one commodity, and to one position (either buy only or sell only).these kind of members will not have the right to transfer the membership seat  For each type of member, there are two classes of membership:
  • Trading Member (TM) trades only for his or her own account
  • Intermediary Member (IM) trades either on his or her own account  and /or  on behalf of Clients

Members may also appoint Authorized Representatives to trade or otherwise act on their behalf. An Authorized Representative is an individual employed as an agent or is staff of a Member.

Being Non -member direct  trader (NMDT)

Having regard to the efficient operation of the Markets of the Exchange, The exchange may avail a trade access to  non-member direct trader (NMDT)

NMDT are those traders,  any individual, company, public enterprise, or cooperative that meet the NMDT requirements  and who can  directly trade at ECX  platform  without being represented by IM.

The following Three categories of NMDT  are allowed

             a. Small holder farmer

 b. Supplier

 c. Exporter

Non-member Direct Trader can only trade for himself and  may  trade as a Buy-only or as a Sell-only trader in transactions to be conducted at the Exchange.

  • Alike the members , The Non-member direct traders (NMDTs) will not have  transferable right to trade on the Exchange and they can not trades  on behalf of Clients or they will not involve in the governance of ECX .

NMDTS  are required to follow the Rules of the Exchange and thus maintain the integrity of the ECX marketplace. NMDT are liable for the transactions they conduct through ECX.