Electronic Stock Exchange security solutions secure Cairo and Alexandria’s trading systems; one of the most dependable systems in the world.

In accordance with Egypt’s modernisation plan, the security domain is an emerging market for the Thales Group.

Thales has provided security consulting services and a world-class authentication infrastructure for the Cairo and Alexandria Stock Exchange in Egypt, giving the country one of the most secure electronic trading systems in the world. The landmark contract was awarded by Misr Clearing, Settlement and Central Depository (MCSD), which performs central clearing and settlement operations for stocks traded on the exchange, and has also been chosen to provide
clearing and settlement services for the forthcoming pan-Arabic stock exchange, ARABEX.

The Thales system allows brokers and banks who have received trading instructions by letter or phone to log-on and authenticate themselves using their smart cards. Authentication is based on the Thales SafeSignTM solution, consisting of:
  • SafeSign Management Server for user and token life cycle management.
  • SafeSign Authentication Server for authenticating any transaction regardless of channel.
  • SafeSign Crypto Module, a hardware security module offering a centralised key management function.
SafeSign enables MCSD to provide proof of the authenticity and integrity of all transactions, whilst ensuring the highest levels of flexibility and scalability through its ability to authenticate any transaction from any channel regardless of the PKI or security token deployed. Thales is also providing the smart cards and readers for digital signature and portable solutions.

Thales provides a unique combination of expertise in electronic identities, the international security standard ISO 17799 and the powerful capabilities of its SafeSign solutions to deliver an efficient and adaptable solution. The company will transfer knowledge to MCSD for the continued operation of the system and operating processes.