Global Board of Trade (GBOT in short) will offer commodity and currency derivative trading from October 2010.
The Global Board of Trade (GBOT), the first international multi-asset-class exchange based out of Mauritius will be officially launched on 15th October 2010 by the Guest of Honour, Dr The Honourable Navinchandra Ramgoolam, GCSK, FRCP, Prime Minister of the Republic of Mauritius, at the InterContinental Resort, Mauritius, Balaclava Fort. Over 200 global leaders from Africa, Europe, the Middle East, Asia and the United States will be present to witness the launch. GBOT will commence trading on its state-of-the-art electronic-trading platform from 18th October 2010.
GBOT is the first international multi-asset-class exchange from Mauritius that will offer a basket of commodity derivative products including metals, energy, agri-soft and currency-derivative products on its state-of-the-art electronic-exchange platform with efficient clearing and settlement systems to ensure counterparty guarantee for all trades. To begin with, GBOT will offer trading in gold, silver, MUR/USD, USD/ZAR, EUR/USD, GBP/USD and JBY/USD.
Commenting on the announcement, The Honourable Pravind Kumar Jugnauth, Vice-Prime Minister, Minister of Finance and Economic Development, of the Republic of Mauritius said, “I heartily welcome Global Board of Trade Limited in the economic and financial landscape of Mauritius. I am confident that the commodities and currency derivatives market being set up by GBOT will contribute in further enhancing the attractiveness of Mauritius as a business, trade and financial hub.”
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 global markets.