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.

http://www.newsnow.mu/NewsView.asp?NID=16337

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