EFG Hermes has launched Younit, an algorithmic trading API platform in Egypt. The platform is available through EFG Hermes ONE and provides market data, automation tools, APIs, software development kits and testing environments. This launch is intended to support the Egyptian Exchange’s efforts to modernize the capital market and expand technology-enabled participation.
With Younit, users can evaluate investment ideas, visualize portfolios and build trading applications. Retail traders can test rule-based strategies against historical data and use conditional execution tools. Developers can build strategies, analytics dashboards and portfolio or basket-trading products, while students can turn academic projects into practical market tools and take part in performance-based challenges.
What Younit Offers
The platform is designed to support competitions, hackathons, university challenges, summer internships and performance leaderboards as it develops an algorithmic trading community. According to Ahmed Waly, Group Head of Securities Brokerage at EFG Hermes, “With Younit, we are opening access to the building blocks of smarter trading.”
Why It Matters for Egypt
The launch of Younit marks a new development in the Egyptian financial landscape. By providing market data, automation tools, APIs, software development kits and testing environments, EFG Hermes is giving users the tools they need to participate in the market. The platform's focus on algorithmic trading and community development is also notable.
- Market data
- Automation tools
- APIs
- Software development kits
- Testing environments
As the Egyptian Exchange works to modernize the capital market, the introduction of Younit is a significant step. EFG Hermes' launch of this platform demonstrates the company's commitment to expanding access to trading infrastructure in Egypt and the region.
