Ethiopia Commodity Exchange

In Proclamation 2007-550, which created the ECX, its stated objective was "to ensure the development of an efficient modern trading system" that would "protect the rights and benefits of sellers, buyers, intermediaries, and the general public.

"[1] The ECX is set up as a private company owned by a partnership of the market actors, members of the exchange, and the Ethiopian government, led by Eleni Gebre Medhin a former economist for the International Food Policy Research Institute and the World Bank.

[2] As of November 2010, the trading floor in Addis Ababa handled 200 spot contracts in commodities such as coffee, sesame, navy beans, maize and wheat.

"Push" price date is transmitted in real time to outdoor electronic ticker boards in 32 rural sites, the ECX website, 256,000 mobile subscribers via instant messaging, the radio, TV and print media.

[2] The first year of the Ethiopia Commodity Exchange's existence is documented in the PBS Wide Angle film The Market Maker.