Overview

Egypt for Information Dissemination - EGID is a joint venture company between the Egyptian Exchange - EGX and NasdaqOMX.

All through its ten years of existence EGID have a created a variety of customizable database systems, that helped Exchanges organize, arrange and follow up the data.

It has practically used the powerful combination of its regional presence, local market knowledge, multilingual capabilities and the support of its owners; to develop systems for exchanges and for brokerage companies.

EGID acts also as an Application Service Provider (ASP) through hosting brokerage firms’ servers.
 

Main Milestones
  • June 1999 Established as a fully owned subsidiary of the Egyptian Exchange EGX.
  • 2002, EGID started exclusively transmitting the Egyptian Exchange market data locally and internationally.
  • 2003, EGID built the first and main electronic data base of fundamental data.
  • 2004, EGID developed various market solutions for Stock Exchanges.
  • 2007, EGID built its fully hosted solution for member firms or brokers in addition to a wide range of stand-alone solutions for member firms.
  • 2009, EGID changed its legal form to become a joint venture; with EGX owning 55% and NASDAQ OMX the remaining 45% balance.

Vision
EGID’s has a broad vision to stimulate investment growth in Egypt and the region.

Mission
  • Enhance and improve both the depth and the quality of information.
  • Develop the level of information dissemination technology used by the different market players.
  • Combine together technology with information to make financial markets work better, not only in Egypt but in the region as well.
  • Increase in the level of automation and transparency of the market information to be able to build the investors’ confidence in the regions’ market.