Exchange marks a $50-million milestone
The Global Board Of Trade (GBOT), Mauritius, has clocked the highest trading volume on any given day on its multi-asset exchange platform. GBOT crossed the US$50 million-mark as it ended the day at $51.87 million on Monday, April 18.This came on the day when the exchange, which commenced trading on the October 18 last year, completed exactly six months of trading on its tech-centric exchange platform.
The exchange has also successfully completed clearing and settlement for all these trades, thereby maintaining its record of achieving successful T+1 settlement from day one.
The global financial markets have been highly volatile recently. The surge in volumes is a strong testimony to the fact that market participants are increasingly turning to transparent risk-mitigation platforms like exchanges to safeguard against such volatility, says GBOT.
Though trading volumes are encouraging for such a young exchange operating in a nascent market, GBOT still believes it has a long way to go. Its focus still remains on developing and unifying the African financial markets by providing the best possible infrastructure, products, systems, processes and procedures.
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