Technology is a key enabler in setting up viable and efficient Commodity Exchanges. ZMX uses a developed end-to-end commodity exchange solution for the issuance, trading and collateralization of Warehouse Receipts. The technology is made up of four main platforms that are:
For convenient user access, ZMX utilises the e-ComX online, USSD & mobile App platforms that enable the following self-service activities:
The e-ComX eWRS is at the backbone of the exchange. The e-ComX e-WRS acts as a Central Warehouse Receipt Depository and maintains the Warehouse Receipt Registry.
The Automated Trading System (ATS) manages the trading process. Houses the mainly automated trade matching engine, the order management system and the market information display boards.
The Clearing and Settlement System facilitates the efficient clearing and settlement of trades and is integrated into Settlement Banks, Mobile Network Operators and Warehouse Management Systems.