Africa Mercantile Exchange

The AfMX® (in full, Africa Mercantile Exchange Limited) is a Nairobi-based Commodity Exchange. It is the first fully diversified commodities exchange in Africa in terms of Product portfolio.
It is also the first mercantile exchange to be created in Africa (see List of commodities exchanges). The Africa Mercantile Exchange was incorporated June, 2005, creating the Africa Mercantile Exchange (AfMX®)
The "Africa Mercantile Exchange" (AfMX®) was founded by Wilson Thungu Thuku with the mission to help Africa's commodity market - manage the layers of risk associated with the production and processing, route to market, payment and delivery.
Over the years, the exchange has marked a consistent growth trajectory with the offering of diverse financial instruments all practically designed to ameliorate the continent's trade processes. Since 2005, The Exchange has constantly evolved with the adoption of innovative technology such as the introduction of cutting- edge computing systems, access on hand held devices through the internet.
In 2005, AfMX® became the first African commodities market to implement an automated system for the dissemination of market data and information online and in real-time, through a wide network of computer terminals.
As at the end of 2007, AfMX® developed a system of secure storage and online services for brokerage firms. Currently, the AfMX® is a fully integrated electronic exchange.
The year 2010, the exchange unveiled a novel system of electronic trading, known as After®. The After® extends the potential volume of processing of information and allows the Exchange to increase its overall volume of trading activities.
With the aim to deepen mass access of Africa's traders to the futures markets, AfMX® has introduced the "core trader", an internet-based trading system that allows individual investors and proprietary traders to trade futures and options. The system enables users to execute buy and sell orders online.
Importantly, the exchange is proactively involved in the reforms of the continental financial system aimed at instituting transparent commodity futures, options and derivatives legislation that will promote the sound management of an important element of the continent's valuable resources.
The exchange also recognizes that a proper modern, relevant regulatory regime consistent across the continent that is swiftly moving towards integration will enhance the integrity, soundness and stability.
Through self-regulation, the Africa Mercantile Exchange continues to play an institutional role. The exchange operates as a for profit company. Moreover the exchange is at the fore in helping the Government of Kenya institute the laws that will promulgate the commodities futures trading authority.
The Africa Mercantile Exchange is steadfastly involved in the development of strategic alliances with existing commodity futures and options exchanges in order to consistently avail to Africa's producers, intermediaries and consumers the most useful, responsive and cost-effective solutions in risk management.
The exchange has continued to demonstrate a home-grown edge in the design and provision of responsive products and services provided to the continental financial market and the general Kenyan economy.
Hours
The exchange has a pre-market session from 09:45am to 10:00am, a normal trading session from 10:00am to 5:00pm and a post-market session from 5:30pm to 7:00pm weekdays and holidays declared by the Exchange in advance.

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