Tackling Anti-competitive Unilateral Acts Under The Ethiopian Competition Regime A Case Study Of Electronic Trading At Ethiopia Commodity Exchange

Anticompetitive Unilateral Acts are one of Anticompetitive Acts markets could face. The 2014rnEthiopian Trade competition and consumer protection proclamation, inter alia, provide rules forrnacts of unfair competition and these rules are the closet rules which resembles tornAnticompetitive Unilateral Act; despite their focus on violation of intellectual property rightsrnsuch as misleading advertisement false allegation etc. against another trader. As a marketrnwhich facilitates competitive trading platform, the Electronic Trading System in EthiopiarnCommodity Exchange is expected to implement competition lawof the country. The ElectronicrnTrading System faced / still faces various Anticompetitive Acts; includingAnticompetitivernUnilateral Acts. The Anticompetitive Unilateral Acts observed in the Commodity Exchangernincludes flash crashing, Unrepresentative pricing, Failure / refusal to submit trade orders, Pacernmaking, Marking the closing price, Cornering, Dumping, and Matching orders. ThesernAnticompetitive Unilateral Acts are not directly or indirectly mentioned under the competitionrnand consumer protection proclamation. Considering the substantive content of unfairrncompetition rules of the Trade Competition and Consumer Protection and AnticompetitivernUnilateral Acts observed in the Commodity Exchange’s Electronic Trading System, this thesisrninvestigates whether unfair competition rules under the Competition and Consumer ProtectionrnProclamation are the best means to tackle Anticompetitive Unilateral Acts observed in therncommodity exchange’s Electronic Trading System or not.Particularly, the thesis revolves aroundrntwo research questions: (1), does the existing competition regime provide proper rules whichrnadequately tackle the Anticompetitive Unilateral Acts observed in the Ethiopia CommodityrnExchange Electronic Trading? And (2), how are the existing Anticompetitive Unilateral Acts inrnthe Ethiopia Commodity Exchange Electronic Trading being tackled by the exchange’s rules andrnare the measures consistent with the rules of the competition law? It is in this light that thisrnthesis seeks to investigate the nature of unfair competition rules of the Competition andrnConsumer Protection Proclamation, Anticompetitive Unilateral Acts Observed in the ElectronicrnTrading System of the Commodity Exchange, rules of the Commodity Exchange, and incidentsrnaddressed by the commodity exchange in this regard.Key Termsrn Flash crush, Unrepresentative pricing, Failure / refusal to submit orders, Pace making,rnMarking the closing price, Cornering and dumping, Matching orders, Trading sessions,rnElectronic trading system, Unfair competition

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