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    ACE Africa granted a commodity exchange licence

    ACE Africa granted a commodity exchange licence

    After a year of review, the Registrar of Financial Institutions has licensed ACE Africa to operate a trade platform, a warehouse receipt system, and a clearing house.

    30 April 2020 · Announcement · 1 min read

    In April 2020 ACE Africa was granted a licence by the Registrar of Financial Institutions to operate a trade platform, a warehouse receipt system, and a clearing house.

    The application was submitted on 26 April 2019 and followed a year of review. The licence is an imperative milestone in ACE's endeavour to establish and develop structured trade in Malawi.

    Under the licence, ACE will operate as a Self-Regulating Organisation, with authority from the Registrar to regulate industry and stakeholders utilising ACE services.

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    ACE Trust

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