Wavetec, a leading maker of end-to-end information display solutions, has partnered with the Ethiopia Commodity Exchange (ECX) to develop country-wide real-time information displays.

Headquartered in Dubai Silicon Oasis (DSO), the region's premier integrated innovations hub for high-tech industries, Wavetec’s displays will ensure updated commodity price information is available and easily accessible throughout Ethiopia.

The project is sponsored and funded by the World Bank, and is aimed at ending exploitation of gullible investors, while increasing the legitimacy of the trading process by making accurate data available at all times around the country.

“We are pleased to offer our state-of-the-art information displays to the Ethiopia Commodity Exchange. The tender for the project was floated to leading vendors around the world and based on our extensive experience in financial and commodity markets as well as domain knowledge, we have been chosen as the partner of choice,” said Tobias Bessone, general manager of Wavetec-DSO.

By adding ECX to its impressive client portfolio, Wavetec has to date become the chosen technology partner for 12 exchanges in Africa, Middle East and Asia. Additionally, Wavetec offers customised technology and turnkey solutions to internationally renowned companies around the world.

A large volume of trading at ECX is agricultural – coffee beans and a variety of seeds – and the new state-of-the-art real-time display solution by Wavetec will ensure transparency and improve availability of information to enhance customer confidence in the market.

Wavetec boasts a dedicated research and development, assembly, installation and maintenance facility for electronic queue management (eQ) management systems as well as LED-based information display systems from its regional headquarters at Dubai Silicon Oasis.-TradeArabia News Service