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UIB6 1140 : 2 | UIB7 1074 : 18 | UJM7 1064 : 14 | UKW4 1215 : 2 | UKW6 1168 : 24 | LUBP1 1300 : 15 | LUBP2 1208 : 58 | LUBP3 1057 : 14 | LUBP4 957 : 19 | LUBPAA5 824 : 9 | LWBP1 1303 : 1 | LWBP2 1253 : 27 | LWBP3 1169 : 19 | LWSD2 1324 : 110 | LWSD3 1200 : 11 | UBM9 976 : 26 | UBMUG 972 : 43 | UGJQ2 2000 : 300 | UHRB4 1575 : 0 | UHRB5 1520 : 55 | UHRC3 1540 : 35 | UHRC4 1502 : 8 | UHRC5 1460 : 8 | UKF3 1221 : 87 | UKF5 1132 : 10 | USDDQ1 2460 : 10 | UYCAQ1 2567 : 58 | UYCB6 1397 : 127 | WGJQ2 1400 : 50 | WSDAQ2 1360 : 0 | WSDBQ2 1294 : 26 | WYCAQ2 1700 : 4 | RWPALG 1330 : 20 | RDSS2 4500 : 100 | WHGS2 5400 : 101 | WHGS3 5400 : 100 | WHGS3 5400 : 100 | WHGS3 5000 : 100 | WWSS3 4400 : 350 | WWSS4 4200 : 800 | WWSS4 4620 : 121 | WWSS5 4491 : 141 | WWSSUG 4340 : 103
 
 
ECX Edges

The ECX design is unique in that it integrates the entire "eco-system" related to the market, spanning the central trading system, warehouse delivery centers, product grade certification, clearing banks, an arbitration tribunal, a market information system linking rural sites, remote electronic trading centers, and a secure data center to manage membership and market information. An over-arching legal framework and a government regulatory agency ensure the viability of this entire integrated environment. This integration enables a country such as Ethiopia, where none of the individual components may exist as stand-alone institutions, to mutually support and reinforce the ECX market objectives.

How ECX Works

The first of its kind in Ethiopia, ECX is a national multi-commodity exchange that provides low-cost, secure marketplace services to benefit all agricultural market stakeholders and invites industry professionals to seek membership enabling them to participate in trading.
ECX promotes and enables the following market services:

Market integrity, by guaranteeing the product grade and quantity and Operating a system of daily clearing and settling of contracts.
Market efficiency by operating a trading system where buyers and sellers can coordinate in a seamless way on the basis of standardized contracts.
Market transparency by disseminating market information in real time to all market players.
Risk management by offering contracts for future delivery, providing sellers and buyers a way to hedge against price risk.

 
 
Wondimagegnehu Negera
Chief Executive Officer
Wondimagegnehu Negera joined ECX in 2017 and is currently Chief Executive Officer of ECX. Major prior experiences include working for more than fourteen years in different institutions including the Oromia Regional State, Cooperative Bank of Oromia and the Commercial Bank of Ethiopia in the capacities of Cabinet Member and Head of Trade and Market Development Bureau, President and Vice President; respectively.
 
Corporate Entity

ECX is established as a demutualized corporate entity with clear separation of Ownership, Membership, and Management. Thus, owners cannot have trading stake, members cannot have ownership stake, and the management can be neither drawn from the owners nor from the members.
ECX is designed as a public-private partnership enterprise, in a unique institutional innovation for Ethiopia. At its inception, ECX is promoted by the Government of Ethiopia. At the same time, ECX offers the sale of Membership seats, which are privately owned, permanently and freely transferable rights to the stream of earnings from trading on the Exchange.
As Owner, the Government of Ethiopia underwrites all performance risk of the Exchange related to the Exchange operated or appointed warehousing and grading of product, trading system, market information dissemination, and clearing and settlement. Members, for their part, are liable for contract performance on their own trades as well as of their Associates and Authorized Representatives.
The corporate governance of ECX maintains a healthy balance of owner and member interests. Thus, the Management Board is composed of Owner representatives and 5 Member representatives.

 
  1. Proclamation to Establish the Ethiopian Commodity Exchange Authority No.551/2007
  2. Proclamation to Establish the Ethiopia Commodity Exchange No:550/2007
  3. Rules of the Exchange
  4. Rules Amendment No 6 2012 Eng v approved by the Authority on April 26 2012
  5. Rules Amendment No 7 2013 Eng v approved by the Authority on February 08 2013
H.E. Ato Sani Redi | Board Chairman
H.E Ato Tesfaye Mengiste | Board Memeber
H.E. Ato Getachew Negash | Board Member
H.E. Ato Zekarias Erkola | Board Member
H.E. Ato Mulugeta Alemayehu | Board Member
H.E. Ato Kassahun Hailemariam | Board Member
H.E. Ato Hussien Agraw | Board Member
H.E. Ato Zerihun Kamiso | Board Member
H.E. Ato Kassahun Bekele | Board Member
Ato Abdela Bagersh | Board Member