Arab Finance: EFG Hermes, a subsidiary of EFG Holding, has launched Younit, Egypt’s first retail algorithmic trading application programming interface (API) platform, according to an emailed press release.

Younit, an open trading infrastructure platform, is designed to expand access to automated trading tools, market data, and application development for retail traders, developers, and university students across Egypt and the wider region.

Integrated with EFG Hermes ONE, Younit provides access to the company's trading API and software development kit (SDK), enabling users to automate trading strategies, visualize portfolios, and develop trading applications.

The platform offers retail investors tools to automate rule-based strategies and use conditional execution features, while allowing developers to build trading strategies, analytics dashboards, portfolio visualization tools, and basket-trading applications.

Moreover, it provides university students with an opportunity to turn academic projects into practical market applications, participate in real-world algorithmic trading challenges, and potentially gain exposure to internships and career opportunities.

Younit will also enhance EFG Hermes ONE by securing access to automated tools and advanced trading functionalities within the existing platform.

The reflecting the company’s objectives to support the Egyptian Exchange's (EGX) ongoing market modernization efforts and widen technology-enabled participation.

Ahmed Waly, Group Head of Securities Brokerage at EFG Hermes, commented: “With Younit, we are opening access to the building blocks of smarter trading, automation, market data, APIs, SDKs, and analytics so traders and builders can move from reactive decision-making to more disciplined, data-driven market participation. This is not just a product launch; it is the creation of a new participation layer for the market.”

For her part, Rana El Sharqawy, Corporate Data Science and Analytics Head, elaborated: “Younit turns algorithmic trading from a theoretical concept into a practical, measurable, and collaborative experience.”

“By giving participants access to data, benchmarks, APIs, and community challenges, we are creating an environment where ideas can be tested, improved, and transformed into real trading solutions,” she added.