Bourse Africa Limited

From MarketsWiki
Jump to: navigation, search
ICE wiki logo.jpg
Bourse Africa Limited
BourseAfricaStripped.jpg
Founded Launched October 2010
Headquarters Mauritius
Key People Rinsy Ansalam, Managing Director and CEO
Products currency and commodity futures
Website www.bourseafrica.com

Bourse Africa, formerly known as the Global Board Of Trade Ltd.[1] is the first international multi-asset class exchange from Mauritius. Launched in October 2010, it offers contracts on gold and silver, and currencies - rupee-dollar, euro-dollar, rand-dollar, pound-dollar and yen-dollar futures.[2][3]

Bourse Africa is owned by the Financial Technologies Group and is regulated by the Financial Services Commission (FSC) of Mauritius.


History

The exchange was launched with a $50 million investment and as of March 2012, it had about 20 international and domestic companies as members. Early participants in the exchange have been attracted to the "investor friendly environment," which boasts a double tax avoidance agreement with most emerging economies, according a March 2012 Bloomberg article.

Products and Services

Bourse Africa opened in October 2010, offering futures in gold and silver contracts, as well as USD/MUR, ZAR/USD, EUR/USD, GBP/USD and JPY/USD futures. For the first time, two African currency futures were listed by the exchange.

Key People


References

  1. GBOT is now BOURSE AFRICA. Bourse Africa.
  2. Global Board of Trade Ltd (GBOT) formally launched by the Prime minister of the Republic of Mauritius today. GBOT.
  3. Mauritius Futures Exchange’s Trade Sales Increase 38% in Year. Bloomberg.