Electronic trading of warehouse receipts to start in the third quater
GMEX Technologies and post trade software vendor Avenir
Technology have said Thursday that their warehouse receipt
system is live at the Agricultural Commodity Exchange for
The implementation at the ACE in Malawi is
the second phase of the project to implement the warehouse
receipt system AvenirWRS.
"We expect that ACE will become a template
for other exchanges trading physical soft commodities across
Africa and globally requiring an efficient warehouse receipts
system and delivery mechanism," said Hirander Misra, chief
executive officer and co-founder of the GMEX Group.
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