Commodity Exchange Modernization

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ICF is working with the Ethiopia Commodity Exchange ECX to provide market players with a modern, efficient, transparent and reliable platform for commodity trading. This is being done through a ground-breaking initiative that will migrate the Exchange and its market actors in the commodity and agricultural sector from a “Pit” trading system into an electronic trading platform, known as the e-Trade Platform.  Initially, trading will be restricted within the ECX Trading Center in Addis, and eventually will be rolled-out to the newly-built trading platforms across the country.

The project is expected to :

  • Increase ECX’s capacity to perform 5,000 times more trade transactions than previously;  increase trade efficiency, transparency and accessibility
  • Increase the number of market players and enable them to participate directly in electronic trading from anywhere via a secure access
  • Increase exports earnings from introduction of new commodities on the Exchange
  • Increase smallholder farmer earnings due to better price discovery
  • Build the capacity of over 400 traders and enhance the knowledge base on commodity exchange in Ethiopia
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