Introduction to Membership
Being a Client
How to Apply
Certificate Examination
Authority Recognition
Actors Association
Founding Members
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The Full Memberships are currently closed. Limited Membership is currently available, Additional Full 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.
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:
- Full Members, whose membership seat is permanent and freely transferable, and who can trade in any commodity.
- 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).
For each type of member, there are two classes of membership:
- Trading Member (TM) trades only his or her own account
- Intermediary Member (IM) trades either on his or her own account 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.
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A Client can be represented through an Intermediary Member (IM) or Limited Intermediary Member. A client of an IM has the opportunity to buy and sell all of commodities offered by the exchange.
Clients have the right to submit to the Exchange Arbitration Tribunal any claims, controversies or disputes initiated by the intermediary member on the invalidation, performance termination, or cancellation of the trade contract.
Clients may locate ECX Intermediary Members by clicking here:
DOWNLOAD INTEMEDIARY MEMBER LIST
Know Your Client Procedures
Although the relationship between a Member and Client is strictly private, the Exchange operates under certain Know Your Client (KYC) procedures which protect the client and enable a smoothly functioning system for all. When a Client signs up to trade through a Member, the Member must submit the Member-Client Agreement (MCA) to the Exchange. In addition, the Client must furnish the following information to the Exchange:
- Business License
- Tax Identification Number
- VAT Registration
- Kebele ID
As a client working through a member, the member’s fee is negotiated between both parties but cannot exceed 2% of the value of the trade.
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The Member Management Desk handles all queries regarding membership. Applications may be obtained online or in person from the Desk. Once completed, forms should be submitted to the Member Management Desk.
For further information or guidance, please contact:
ECX Member Relations Desk
Al-Sam Tower 2, Ground Floor
Tel: +251 11 554 7001
Fax: +251 11 554 7010
Email: info@ecx.com.et
DOWNLOAD APPLICATION FORMS
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All prospective Members and their Authorized Representatives are required to take training on the ECX system and to pass the Certification Examination with a minimum score of 70/100.
Training materials are provided in the form of an information booklet prior to the examination. The booklet is published in Amharic and English. The examination is offered free of charge and can be repeated up to 3 times. The examination can be taken in English or Amharic in written form, as well as orally, upon request.
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In keeping with global best practices, the Ethiopian Commodity Exchange Authority (ECEA) is the regulatory body established with the purpose of ensuring the development of an efficient modern trading system and to regulate and control the secure, transparent and stable functioning of the Exchange and to protect the rights and benefits of sellers, buyers, intermediaries and the general public.
Its specific objectives are to:
- promote responsible innovation, access to market information by all market participants and fair competition among markets and market participants;
- deter and prevent price manipulation or any other disruption of market integrity;
- ensure the financial integrity of all transactions subject to this Proclamation and the avoidance of systemic risk; and
- Protect all market participants from fraudulent or other abusive trading practices and misuses of customer assets.
The powers and duties of the ECEA extend to recognition and oversight of Exchange Actors (Members and their representatives), recognition and oversight of Clearing Institutions (domestic banks or other financial institutions engaged in clearing and settlement of payments), oversight of the Rules of the Exchange and regulation of Exchange-traded contracts, as well as regulation of the conduct of investment advisors, consulting companies, law practices, accounting and audit professionals, as this conduct relates to ECX business. In addition, the ECEA has the power to investigate wrongdoing and adjudicate cases falling under its jurisdiction or to refer criminal cases to the appropriate court.
Given the multi-sectoral nature and its broad scope of powers and duties, the ECEA is accountable to the Prime Minister. Moreover, in a unique and appropriate governance structure, ECEA is governed by a Board comprised of a Chairman, and a member from each of the following relevant government bodies: Ministry of Finance and Economic Development, Ministry of Trade and Industry, Ministry of Agriculture and Rural Development, and the National Bank of Ethiopia. Thus, by law, the ECEA Board shall exercise the full powers and duties of the ECEA. The operations of the ECEA are executed by a Director General, who is also an ex-officio member of the Board.
For further information or guidance, please contact:
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Alongside the development of the ECX corporate entity and the regulatory body, the National Exchange Actors Association (NEAA) plays a vital role in the ECX Ecosystem. Following global best practices, Members and their Authorized Representatives are required to participate in the NEAA, which is an institution recognized by the Authority for the purpose of upholding and maintaining the standards of integrity, professionalism, and skills of all Exchange Actors.
The NEAA will maintain a database of Exchange Actors and be responsible for developing
1. Commodity Marketing and ECX Rules training standards and proficiency testing;
2. Self-audit programs for Members to enforce compliance with relevant ECX Rules and Authority directives governing accounting, financial standards, and trading practices;
3. Public database on grievances filed against exchange actors or the Exchange by Clients or others;
4. Public education and sensitization on the Commodity Exchange for media, policymakers, stakeholder groups, students, and others; and
5. Advocacy on behalf of Exchange Actors.
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Abadir Coff. Trading PLCxml:namespace prefix = o /> |
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Hiwot Agricultural Mechanization PLC |
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Acos Ethiopia PLC |
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Hosea Trading House PLC |
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3 |
Addis Ababa Millers Share Holder Association |
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J.J. Kothari & Co. (Eth) Ltd. |
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4 |
Addis ExporterLtd. |
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Jemo General Business Share Company |
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5 |
Adem Kedir (Horra Trading) |
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K.O.JJ Food Processing Complex PLC |
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6 |
Africa PLC |
56 |
Kaleb Service Farmers House PLC |
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7 |
Ahmed Beshir Flour Mill |
57 |
Kaliti Food Share Company |
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8 |
Alfoz PLC |
58 |
KAS Inter Trade LC |
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9 |
Al-Impex Imp. & Exp. |
59 |
Kemal Abdella Int'l PLC |
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10 |
Alnur Import & Export Industrial Group PLC |
60 |
Legesse Sherefa PLC |
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11 |
Alpha Trading Partners PLC |
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Licha Hadya's Farmers Cooperative Union |
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12 |
Altaysir Trading PLC |
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Lume Adama Farmers Cooperative Union |
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13 |
Amal Trading PLC |
63 |
MAG International PLC |
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14 |
Ambassa Enterprise PLC |
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Makfam PLC |
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15 |
Ambassel Trading House PLC |
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Mawi Coffee and General Business PLC |
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16 |
Amdehun General Trading PLC |
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Merkeb Farmers Cooperatives Union |
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17 |
ASK International Trading PLC |
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Mohammed Awol Borer Farm |
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18 |
ASTCO PLC |
68 |
Mohammmed Hussen Beyan |
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19 |
Awfat Flour Factory PLC |
69 |
Moplaco Trading PLC |
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20 |
Bashanfer Trading PLC |
70 |
Mullege PLC |
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21 |
Belayneh Kinde Exporter |
71 |
Muzein and His Children PLC |
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22 |
Bora Denbel Farmers Cooperative Union |
72 |
NAS Foods PLC |
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23 |
Bore Buna PLC |
73 |
Nigussie Ayalew Grain Trader |
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24 |
Brothers Flour and Biscuit Factory |
74 |
Oral Agro Industry PLC |
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25 |
Bulala Dinkiti Agro Industry PLC |
75 |
Rayan Investments PLC |
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26 |
CABEY PLC |
76 |
Robera PLC |
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27 |
Challenge Coffee Traders PLC |
77 |
S.A. Bagersh PLC |
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28 |
Chay Trading and Services PLC |
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S.J Magdalinos PLC |
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29 |
D.H Geda Flour Factory |
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S.Sara Coffee Export Enterprise |
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30 |
Damot Farmers Multi-purpose Cooperative Union |
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Said Jemal Rahmato PLC |
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Daye Bensa Coffee Export PLC |
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Seid Yasin PLC |
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Dire Dawa Food Complex Sh.Co. |
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SEKA Business Group PLC |
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33 |
East African Group (Ethiopia) PLC |
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Shoa Bakery & Flour Factory PLC |
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34 |
Ersade Trading PLC |
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Sisay Tetemke General Import and Export Enterprise |
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Ethio Agri Ceft PLC |
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Smart Business Group |
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Ethiopia Commodities PLC |
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SMS PLC |
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Ethiopian Grain Trade Enterprise |
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Southern Region Farmers Cooperative Federation Ltd. |
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Garden Mocca PLC |
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Summit Agro Industry PLC |
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Gedeb Farmers Cooperative Union |
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T.M Food Complex |
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Ghion Industrial and Commercial PLC |
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Tadesse Desta Import and Export |
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GIFT Trading PLC |
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Tracon Trading PLC |
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GMT Industrial PLC |
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Vera International Business LC |
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Gonde Impex |
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Wanos General Trading |
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Green Coffee Agro Industry PLC |
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Warka Trading PLC |
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Guna Trading House PLC |
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Wodera Input & Cooperative Union |
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Hagos Woldu |
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Wondo Trading & Investment PLC |
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Haicof Ltd. PLC |
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Worbek Industry and Trading PLC |
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Hamid Hussein |
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Yirgalem Asfaw General Import and Export |
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Hawas Agri Business PLC |
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Zebad General Export & Import PLC |
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Helen G/Nigus Coffee Exporter |
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Zege PLC |
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