The Global Board of Trade, Mauritius’ new multi-asset exchange backed by India’s Financial Technologies Group, launched on October 15, offering futures on gold, silver and five currency pairs for trading from October 18.
The bourse is intended to be a gateway for US and European
market participants to African and Asian markets. Its island
base, the tiny Indian Ocean state of Mauritius, has a
population of just 1.3m. Its capital Port Louis, given a high
human development index rating, will now form a second regional
home for FT Group.
"GBOT will create an ideal risk mitigation platform to cater
to increasing levels of business activity and revolutionise the
financial markets landscape of Africa," Jignesh Shah, FT Group
head and GBOT's vice-chairman, said in a statement.