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Egypt’s stock exchange signs agreements to boost global links

The Egyptian Stock Exchange (EGX) has signed two agreement as part of an initiative aimed at facilitating the trade of Egyptian securities by international investors, Daily News Egypt has reported. The 'FIX HUB' project operates through connecting the EGX to the international Fidessa and ULLINK trading networks, allowing investors to trade via a FIX gateway. Fidessa's network includes around 170 stock markets from the US, Europe, Asia, and the Middle East, containing roughly 3600 partners in the field of financial services with approximately $800bn worth of transactions being executed. ULLINK serves around 130 financial institutions in the Canada, the US, Latin America, South and East Asia and Europe.