Mauritius exchange to launch Africa's first international multi-asset derivatives exchange

Oct 08, 2010

A currency and commodities exchange in Mauritius will be launched on October 15, and will start trading on October 18.

The Global Board of Trade (GBOT) will be offering trades in gold, silver and five currency pair derivatives, the exchange's operating group said. It plans to offer commodity derivatives products including metals, energy, and currency derivatives products.

Chairman Mr. Venkat Chary believes that "GBOT will provide an ideal platform to access the fast growing economies of the African region and also create new opportunities for Africa to trade with the global markets." Vice Chairman Jignesh Shah added that the exchange "will present a plethora of opportunities to the African population and global investors alike to partake in the African growth story."