← Brokerage Operations and Client Advisory

Orders, trading and settlement on the ESX

Module 02 / 5 · 65 min

Take an order from the client's instruction through the ESX trading day to settlement in the depository, and deal with partial fills, failed trades and corporate actions.

In this module you will learn to

Describe the ESX boards, trading day and lot size set by the ESX Rulebook
Choose and explain the right order type for a client and record a complete order ticket
Follow a trade from execution through clearing to settlement in CSD accounts
Handle a failed trade and process a corporate action such as a rights issue

Built on

Erudite Africa course specification 2.e: Brokerage Operations and Client Advisory, Levels 1 and 2 (October 2026)
Erudite Africa: Ethiopian Context programme overview and regulatory register (October 2026)
Capital Market Proclamation No. 1248/2021; ECMA Directives No. 980/2024 (licensing and supervision) and No. 996/2024 (fees)
ESX Rulebook (December 2024)
NBE Directive No. FXD/01/2024 as amended, and the NBE Monetary Policy Committee release No. 7 (July 2026)
AML/CFT and personal data protection laws as reported in the regulatory register (numbers to be confirmed)

Examples and companies are fictional. Bank practices are shown as typical Ethiopian practice, not as any one bank's policy. Always apply your own institution's approved policy and the current NBE directives.