Module 5 - the Ethiopian Securities Exchange (ESX)

Course Prerequisite(s)

Please note that this course has the following prerequisites which must be completed before it can be accessed
Module 3 – Financial Instruments
Module 4 – Legal Framework of the Ethiopian Capital Market
Module 2 – Introduction to Capital Markets
Module 1 – Introduction to the Financial Service Sector

About Course

This module provides an introduction to securities exchanges, covering their key functions, why they matter, and how they contribute to the financial markets’ development. The module gives particular emphasis to the Ethiopian Securities Exchange (ESX) highlighting its organizational and market structures. This module also highlights the essential role that securities exchanges play in helping businesses raise capital, encouraging people to save and invest, and boosting Ethiopia’s economic growth.

By the end of this module, you will have a solid foundation in how securities exchanges work and their importance in Ethiopia’s financial system.

Understand the Basics: Grasp the concept of securities exchanges, what they are, and why they are crucial for the financial market.
Explore Ethiopian History: Learn about the history and development of securities exchanges in Ethiopia and how they have evolved over time.
Examine the Regulatory Framework: Gain insight into the rules and regulations that govern securities exchanges in Ethiopia and the role of regulatory bodies in ensuring fair and transparent trading.
Identify Key Functions and Roles: Understand how securities exchanges help companies raise capital, contribute to the economy, and provide investors with valuable financial opportunities.
Analyze Economic Impact: Discuss how securities exchanges influence the broader financial market and drive economic growth in Ethiopia.

Course Content

Module Introduction

Module Introduction

02:50

Chapter 1 – Introduction to Securities Exchanges

Chapter 2 – Governance and Operational Framework of Securities Exchanges

Introduction – Governance and Organizational Framework

02:08
Self Assessment Questions
Operational Framework of Securities Exchanges
Clearing and Settlement Processes
Market Liquidity and Price Discovery
Self Assessment Questions
Self-Regulatory Organization
Market Surveillance and Investor Protection
Regulation and Supervision of Members
Self Assessment Questions
Chapter Key Points
Self Assessment Questions

Chapter 3 – The Ethiopian Securities Exchange

Chapter Introduction

03:28
Context and Steps Leading to the Successful Establishment of ESX
ESX Products and Services
Self Assessment Questions
Trading and Market Structure
ESX Trading Technology
Admission and Supervision Of ESX Trading Members
Market Surveillance
Self Assessment Questions
Chapter Key Points
Self Assessment Questions

Course Prerequisite(s)

About Course

What Will You Learn?

Course Content

Module Introduction

Module Introduction

Chapter 1 – Introduction to Securities Exchanges

Chapter Introduction – What is a Securities Exchange, and Why Does It Matter?

Role and Importance of Securities Exchanges

Essential Features of Securities Exchanges

Self Assessment Questions

Types of Securities Traded on Exchanges

Chapter Key Points

Self Assessment Questions

Chapter 2 – Governance and Operational Framework of Securities Exchanges

Introduction – Governance and Organizational Framework

Self Assessment Questions

Operational Framework of Securities Exchanges

Clearing and Settlement Processes

Market Liquidity and Price Discovery

Self Assessment Questions

Self-Regulatory Organization

Market Surveillance and Investor Protection

Regulation and Supervision of Members

Self Assessment Questions

Chapter Key Points

Self Assessment Questions

Chapter 3 – The Ethiopian Securities Exchange

Chapter Introduction

Context and Steps Leading to the Successful Establishment of ESX

ESX Products and Services

Self Assessment Questions

Trading and Market Structure

ESX Trading Technology

Admission and Supervision Of ESX Trading Members

Market Surveillance

Self Assessment Questions

Chapter Key Points

Self Assessment Questions

Chapter 4 – Future Outlook and Opportunities

Chapter Introduction

Potential Growth Opportunities for Securities Exchanges in Ethiopia

Innovation in Trading Platforms and Technologies

Self Assessment Questions

Strategies for Enhancing Market Efficiency and Investor Confidence

Chapter Key Points

Self Assessment Questions

Module Summary

Module Summary

Module Self Assessment Questions

Student Ratings & Reviews

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