Categories: Business HourNews

Prime Minister of the Republic of Mauritius Officially Launches Global Board Of Trade Ltd

The Global Board of Trade Ltd (GBOT) is one of the first international multi-asset class exchanges formed in Mauritius. It was launched by the Guest of Honor, Dr. Navinchandra Ramgoolam, Prime Minister of the Republic of Mauritius. The event was held at the InterContinental Resort in Mauritius. Over 300 global leaders from countries like Europe, Africa, the US, Asia, Mauritius and the Middle East, were available here to witness the launch.

The Honorable Dr. Navinchandra Ramgoolam in his speech said that GBOT somehow has been in advantage because Financial Technologies India Ltd is its parent company. Dr. Ramgoolam also thanked Mr. Jignesh Shah for his assurance in this trade. According to him, GBOT had brought that missing intensity to their domestic financial markets with the needed technology and business know-how. GBOT currency exchange with economically developed international countries could be a big step towards the development of Mauritius economy.

GBOT is willing to offer currency as well as commodity derivatives on its electronic exchange platform to make certain guarantees to their investors. GBOT will offer trading in silver and gold futures as well as, JPY/USD, GBP/USD, USD/MUR, ZAR/USD and EUR/USD futures. Key personages such as Pravind Kumar Jugnauth, Minister of Finance and Economic Development of the Republic of Mauritius, Mr. Jignesh Shah, Vice-Chairman of GBOT and Chairman of Financial Technologies Group,  along with other officials were also present at this event with the Prime Minister.

Mr. Jignesh Shah, Vice-Chairman, GBOT, and Chairman of Financial Technologies Group, said that the GBOT launch would help redefine the landscape of Africa, bringing more and more investors, and ensuring the efficient price discovery and risk management.

Mr. Joseph Bosco, MD, and CEO of GBOT said that with its growing list of members, GBOT is most likely to bring the impulsion in new investors, while showcasing the African potential to grow in global markets and to benefit others from their development. He also appreciated the efforts of the government of Mauritius. Mr. Venkat Chary, Chairman of GBOT, gave a statement supporting the facts uttered by Mr. Bosco.

Other than that, GBOT is also an associate of leading industry associations like Futures and Options Association (FOA), Association of Futures Markets (AFM), Defra EU Emissions Trading Scheme (EU ETS) and Swiss Futures and Options Association (SFOA).

GBOT is a next generation commodity exchange set up, with its plan to grow economically from Africa to South East Asia.


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