Bourse Africa Limited
|Bourse Africa Limited|
|Founded||Launched October 2010|
|Key People||Rinsy Ansalam, Managing Director and CEO|
|Products||currency and commodity futures|
Bourse Africa, formerly known as the Global Board Of Trade Ltd. is the first international multi-asset class exchange from Mauritius. Launched in October 2010, it offers contracts on gold and silver, and currencies - rupee-dollar, euro-dollar, rand-dollar, pound-dollar and yen-dollar futures.
Bourse Africa is owned by the Financial Technologies Group and is regulated by the Financial Services Commission (FSC) of Mauritius.
The exchange was launched with a $50 million investment and as of March 2012, it had about 20 international and domestic companies as members. Early participants in the exchange have been attracted to the "investor friendly environment," which boasts a double tax avoidance agreement with most emerging economies, according a March 2012 Bloomberg article.
Products and Services
Bourse Africa opened in October 2010, offering futures in gold and silver contracts, as well as USD/MUR, ZAR/USD, EUR/USD, GBP/USD and JPY/USD futures. For the first time, two African currency futures were listed by the exchange.