For Release: March 28, 2008
CFTC to Send a Delegation to Ethiopia to Provide Technical Assistance to the Ethiopian Commodity Exchange Authority
Washington, DC – The Commodity Futures Trading Commission (CFTC) announced today that it will be sending a delegation of senior staff to Addis Ababa, Ethiopia, to provide technical assistance to the Ethiopian Commodity Exchange Authority (ECEA).
“We are pleased to be able to assist the recently-established ECEA in developing and implementing its regulatory regime in overseeing the soon-to-be-launched Ethiopian Commodity Exchange (ECEX),” said CFTC Acting Chairman Walt Lukken. “We are delighted to share the CFTC’s experience and knowledge with the ECEA in this exciting undertaking.”
It is expected that this one-week technical assistance program, provided by the CFTC and funded by the United Nations, will assist the ECEA to successfully achieve its goals of maintaining a transparent, efficient, and financially sound futures market.
Specifically, the technical assistance will focus on the following:
- Regulatory structure;
- Product development and contract design;
- Market surveillance and compliance issues;
- Trade practice surveillance and investigation issues;
- The clearing process and the use of intermediaries; and
R. David Gary
Last Updated: March 28, 2008