Wednesday May 13 2015
News Source: Global Exchanges
Focus: Trading Rules
Type: General
Country: Egypt
Link: http://www.efsa.gov.eg/content/efsa_en/efsa_news_en/efsa_308_en.htm
The Egyptian Financial Supervisory Authority has published a proposal on T+1 Trading Rules. The proposed mechanism aims at better risk management by dealers and activates trading volume in the Egyptian Stock Exchange.
The settlement will continue as it is currently applied, two days after purchasing order (T + 2).
In this case and if the proposed mechanism is applied, Day-Trading mechanism will be applied with the same applicable conditions in addition to T+ 1 Trading.
Click on the link above for further details.