By: Mostafa Adel
Cairo - Mubasher: The chairman and managing director of Misr for Central Clearing, Depository and Registry (MCDR) revealed that his company is ready for the activation of the commodities and futures exchange.
Mohamed Abdel Salam added on the sidelines of the Capital Market and Economic Reform Financing Conference that MCDR has the ability to develop the necessary systems instead of acquiring them from other companies.
Reliance on locally-developed systems saves the cost of purchasing such systems from other providers, the chairman indicated.
On Tuesday, the Egyptian Parliament will discuss amendments to the Capital Market Law that will include activating the commodities exchange.
