Fix Hub | EGID

CONNECTING THE BUY SIDE WITH THE SELL SIDE

The EGX believes in the importance of having global exchanges cooperate and leverage their networks, key assets and the benefits of their geography in order to increase cross border trading.
We focus on developing partnerships with regional and global exchange players to expand our respective businesses. This could be achieved with the EGX FIX HUB, which connects Egyptian and international brokers and opens new revenue streams and opportunities for both member firms and investors.
The EGX strongly believes that the way forward to enhance cross border trading among various markets for the benefits of member firms and investors could be through linking the EGX FIX HUB with other exchanges’ FIX Hubs.
In January 2014, the EGX succeeded in developing its own in-house fix hub solution developed by its competent Information Technology team.
The EGX FIX HUB enables connectivity and order routing between local brokers’ systems and international buy- and sell-side systems. The EGX FIX HUB is currently linked to the FIDESSA network as well as three other local member firms: CI Capital, Beltone Financial and HSBC Egypt.
This solution allows regional as well as global access to EGX products and the provisioning of other exchanges’ products to market participants in Egypt. Furthermore, the setup of a communications system between the EGX FIX Hub and other exchanges’ FIX Hubs will facilitate the routing of orders between participating brokers located in Egypt and elsewhere.

Acts as a simple and cost-effective mean for linking trading partners, on either the buy or sell side, in Egypt as well as regional and international markets.
Provides new services to Egyptian member firms whereby they can access new markets, exchanges, and products.
Provides, for the first time, a new service to asset managers (buy -side) in Egypt whereby they link to other asset managers or member firms through only one connection via the EGX FIX Hub.
Provides new products for our investors by allowing them to tap other markets through trusted and secure methods.
Makes the trading process more flexible, automated, reliable and less subject to errors.
EGX FIX Hub connects users to their choice of liquidity pools.
FIX Hub is a flexible, open platform, which can be configured and customized to users’ needs.
EGX FIX Hub ensures secure and fast message exchange and communication.
Minimizes user errors, leading to strong reliability.
Increases liquidity in the Egyptian market.
Reduces overall technology costs for EGX clients, including member firms and asset managers.
Increases the revenues for our market participants, including member firms and asset managers.

Operate in a more technologically savvy environment.
Minimize previous human errors resulted from using traditional order placement methods, such as phones and fax machines.
Place their orders to multiple exchanges in an easy way.
Reduce communication costs greatly.
Access to cross-listed stocks/GDRs in other markets
Make transactions in an electronic, transparent, cost-efficient and timely manner.
Increase the number of customers in Egypt and other markets.
Very competitive fees to link to the EGX FIX Hub service.
Increase their revenues.

Allow the buy-side to be linked to the sell-side in Egypt via the EGX FIX hub.
Minimize previous human errors resulted from using traditional order placement methods, such as phones and fax machines.
Very competitive fees to link to the EGX FIX hub service.
Link to other market participants in an electronic, transparent, cost-efficient and timely manner.
Reduce communication costs.