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Call: +250 788 197 000 info@ea-africaexchange.com



East Africa Exchange (EAX) is a commodity exchange

Commodity Trading

EAX commodites trading

EAX operates a fully automated trading platform where participants can buy and sell products from the convenience of their location of choice, or trade from trading terminals provided by the Exchange. The trading platform is powered by NASDAQ OMX and can facilitate auctions, reverse auctions, spot trading, forwards trading, and futures trading.

Spot Contract Trading

EAX spot contract trading is based on electronic warehouse receipts (e-WRs):

  • EAX electronic warehouse receipts are created and issued to a member of EAX.
  • EAX translates electronic receipts onto spot contracts of a minimum of 1MT with indicators of commodity type, commodity grade, warehouse location. These contract are listed on NASDAQ trading system board where each owner of the commodity is issued a security position or quantity in MT the owner has
  • During the trading day multiple buyers and sellers are able to place bids and offers through NASDAQ trading system and where matches are found settlement follows on the basis of 2 days after trade (T+2). EAX trading team ensures the delivery of the commodity to the buyer and the cash settlement to the buyer.
  • In order to guarantee cash settlement to sellers (mostly farmers cooperatives and members of the exchange), EAX ensures the buyer deposited one day before trade (T-1) the money equivalent to the value of the commodity at the current market price to the EAX settlement bank account.

Forward Contract Trading

EAX Forward contract trading is also based on electronic warehouse receipts (e-WRs):

Auction Trading

EAX auction trading offers facilities of any seller to sell commodities to multiple buyer through auction process:

  • The forward contract is made between the seller ( a farmers cooperative registered member of EAX) and a buyer who is also a member of EAX to agree on commodity aggregation at EAX certified warehouse
  • The agreement specifies commodity type, grades, quantity to be aggregated, price, agreed delivery date and the amount
  • The delivery of the commodity attract the electronic warehouse receipts issuance to the seller
  • Forward contract trade instrument are created onto NASDAQ trading system to allow the buyer to place buy order and the seller to place sell order
  • Seller will talk to EAX trading team and offers to sell a number of MT of his/her commodities
  • EAX lists the commodity in the NASDAQ trading system board to allow multiple buyers to place their bids
  • Delivery and settlement is done on T+2 basis

Commodity Trading

EAX operates a fully automated trading platform where participants can buy and sell products from the convenience of their location of choice, or...
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Collateral Management

One of the greatest challenges that smallholder farmers face in East Africa is access to finance. This is because farmers cannot guarantee the pr...
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Trade Settlement

Settlement is done by:       1) Delivery of commodity Seven Days after Trade (T+7)       2) Transfer of of cash...
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Risk Management

All business are subject to risks. In an effort to minimise and mitigate risks, East Africa Exchange (EAX) has establised mechanisms and strategi...
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Electronic Warehouse Receipt

Electronic warehouse receipt is an online record representation of a physically stored good at any certified East Africa Exchange (E.A.X) warehou...
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Warehouse Services

Use of warehouses EAX warehouses are where EAX value-addition begins. Farmers are able to bring their grains to the warehouse in order to recei...
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