The Egyptian Exchange (EGX) will launch derivatives trading within six months as part of efforts to deepen the market and attract foreign investors, Vice Chairman Mohamed Sabry said on Thursday. He told reporters that the exchange has completed its settlement system and is working with the Financial Regulatory Authority (FRA) to finalise trading rules for the derivatives market. The EGX also plans to activate short selling "within months," initially limited to a select group of stocks, he said. Regulatory amendments are underway to update market-maker rules ahead of its rollout, he added, noting that new financial instruments would improve market balance and lure more foreign participants. Attribution: Amwal Al Ghad English Subediting: Y.Yasser
