Prime Commodity Exchange (PCX) is set up as a private sector driven commodities exchange to provide a platform for efficient trading of commodities and commodity backed assets. The Exchange incorporated in the year 2020 has built a global technology platform to support matching of trades between buyers and sellers.
The Exchange will offer commodity market participants a range of products, leveraging on global private sector participation and governments’ intervention in the commodity sector to create a formal spot market that will embody price transparency, price discovery and real-time market information with an efficient system for clearing and settlement. All these activities will enable the Exchange to transition into a more complex world of derivatives where market participants can effectively hedge their risks.
PCX activities cut across a range of asset classes including agriculture, solid minerals, oil and gas, precious metals, energy amongst others; and will promote a fair market for all players across the commodities value chain ensuring that each gets value for their goods and services.
To provide a technology driven trading platform that offers value and transparency.
To be the leading commodity trading platform in Africa, that serves an excellent global link amongst stakeholders in the commodity ecosystem.
Trust, Efficiency, Reliability and Innovation