TMX was incorporated on 25th August 2014 to perform the business of a commodity exchange in Tanzania. The Exchange has been established as a public private partnership company. The first four shareholders of the company are the Treasury Registrar, TIB Development Bank, Public Service Pension Fund (PSPF) and the Tanzania Federation of Cooperatives (TFC). The Exchange is regulated by the Capital Markets and Securities Authority (CMSA) under the Commodity Exchanges Act, 2015.Read more
Vision and Mission
To become the leading and most diverse and dynamic commodity market place in East, Central and Southern Africa.
To provide a modern, efficient, transparent and reliable market platform for commodities to serve the national development goals through state of the art technology and integrity.
Tanzania Mercantile Exchange (TMX) is an organized marketplace, providing a platform where buyers and sellers come together to trade, assured of quality, quantity, payment, and delivery. TMX firmly believes that it would achieve its main objective when a Tanzanian farmer would be able to choose his cropping pattern based on spot and futures prices disseminated by the Exchange, rather than the practice of sowing a crop based on current prices.Read more
Tanzania Mercantile Exchange (TMX) maintains a Central Depository or Registry of warehouse receipts which guarantee product integrity. Manual Receipt issued under the Warehouse Receipts Act, 2010 will be immobilized into Depository Receipt. The Tanzania Mercantile Exchange (TMX) Central Depository is the sole entity authorized to and responsible for issuing Depository Receipt, printing copies of receipts, transferring legal title, and canceling receipts. The Depository Receipt issued by the TMX Central Depository represents legal title to the deposited commodity. The Depository Receipt is transferable and negotiable on the TMX through the function of the TMX Central Depository.
The Central Depository will maintain separate accounts for every depositor. The Exchange Central Depository will provide the following services:
Create Depository Receipts;
Tanzania Mercantile Exchange (TMX) believes that fairness of commodity trading and adequate protection for its participants (buyers and sellers) members is essential for a quality market
and prerequisite for price discovery. The main activities of Tanzania Mercantile Exchange (TMX) market surveillance operations are to preserve the integrity of price discovery process by
monitoring the market to detect and deter the following:
For efficient clearing & settlement of trades, Tanzania Mercantile Exchange (TMX) employs an automated clearing
and settlement system with the Exchange’s Clearing Banks. TMX’s clearing and Settlement assumes a Central Counter
Party (CCP) risk for all members’ trades. It establishes the net obligations of each member, informs the members
of their daily net obligations and transfers cash funds and commodity ownership among members.
settlement banks includes:
1. NMB Bank
2. CRDB Bank
More banks will be added
Settlement Guarantee Fund will be made up by deposit or contribution by broker / dealer to the SGF. Tanzania Mercantile Exchange (TMX) will prescribe the norms from time to time, the procedures, the terms and conditions governing SGF, which may, inter-alia, specify the amount of contribution. SGF is a pool of assets used as a guarantee to the successful settlement of all trades executed on the exchange. In the event of a Broker / Dealer being unable to pay for his commitments, the SGF shall be used to meet the payment obligation of such intermediary. The SGF is intended to avoid the default of one Broker / Dealer producing a “snowballing” effect of defaults among other Broker / Dealer and their customers. In the unlikely event of a default, the SGF will act as an essential element of a comprehensive settlement-risk-containment system. Creation of an SGF provides the Exchange Clearing, Settlement and Depository framework with the resources to meet its obligations, even when a participant fails to make good on a payment obligation.