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Rights of Members

Members who subscribed to trade with the East African Exchange have the following rights and obligation:

  • Access to organized commodity trading
  • Access to EAX warehouse receipts and warehouse receipts financing>
  • Access to EAX trade financing
  • Access to EAX database of volumes, commodities traded, and prices
  • Access to EAX membership certificate and ID cards
  • Entitled to use EAX logo and brand for promoting their products
  • Access to EAX training and seminars
  • Invitation to events hosted by EAX
  • Opportunity to access some EAX policy discussions and papers on warehouse receipts and warehouse receipt financing
  • Opportunity to trade on EAX platform through a broker
  • Opportunity to provide Clearing and settlement services to EAX [Exchange Certified Member (Financial Institution) only]

Our business is conducted under certain conditions described in the rules and regulations document. [ download rules and regulations document ]

Obligations of EAX Members

  • to ensure that its authorized representatives comply with these Rules and other regulations of the Exchange;
  • to notify the Exchange immediately upon becoming aware that it or its authorized representatives have breached a provision of these Rules or any other regulations or law relating to the Exchange;
  • to notify the Exchange immediately upon becoming aware that a regulatory body is investigating or instituting proceedings against it;
  • to cooperate with the Exchange or persons appointed by the Exchange in allowing the Exchange to carry out inspection of records concerning the Member‘s trading and financial position, whether on its own account or on behalf of its clients;
  • to comply with requests of a Settlement Bank to inspect its records, when the request is made in coordination with the Exchange;
  • to authorize the Exchange to provide information requested by the Authority (CMA) relating to the operations of the Member, and outstanding obligations held by a Member.
  • to give access to the Authority or the Exchange to enter its offices upon request for the purposes of supervision and monitoring compliance with these Rules or any other Rules issued by the Exchange or the Authority.
  • to promote, to the best of its ability, the objects and interests of the Exchange
  • to protect and safeguard the interests of its Clients.
  • furnish to all potential and current clients a risk disclosure statement related to trading or other statement as prescribed by the Exchange.
  • to ensure that all clients read and sign the risk disclosure or other required statement before agreeing to participate in trading.
  • to know the contents of all Rules, notices, circulars, orders and instructions issued by the Exchange, and also provide all relevant information to clients before executing any order on behalf of the client.
  • provide to its clients written disclosure of information pertinent to trade as specified and required by the Exchange.