The Stock Exchange of Mauritius (SEM) secures the Award for the “Most Innovative African Stock Exchange for 2011”

The Stock Exchange of Mauritius (SEM) secures the Award for the “Most Innovative African Stock Exchange for 2011”

 

The Stock Exchange of Mauritius (SEM) has been awarded the “Most Innovative African Stock Exchange of the year Award” at the Institutional Investment Summit and Index Series Awards organised by Africa investor (Ai), a leading international research and communication group, in collaboration with New York Stock Exchange (NYSE) Euronext. The Award was presented to the SEM at the New York Stock Exchange on 26th September 2011.

The Ai/NYSE Euronext Investment Summit is now firmly established as a calendar event and platform to profile African Capital Markets opportunities to the international investment community. The Ai Index Series Awards aims at rewarding different categories of players within the capital markets sphere, including stock exchanges, listed companies, investment banks, stockbroking companies, research teams and fund managers.

The Award in the “Most Innovative African Stock Exchange” category was given on the basis of a number of criteria, including, amongst others, the use of technology to enhance investor access to real-time stockmarket information, compliance of the Exchange’s regulatory and operational set-up with international standards, initiatives implemented by the Exchange to embrace new areas of development and existing as well as future initiatives to improve the experience of investors using the Exchange.

Commenting on the Award received by the SEM, Mr. Gaetan Lan Hun Kuen, Chairman of the SEM said: “This Award comes as a recognition of the numerous initiatives taken recently by the SEM, with the support of the FSC, to scale up the operational, regulatory and technological framework of the Exchange. The pursuit of an international strategy targeting the listing of Global Funds, Global Business companies and Specialised Debt Instruments, has also been recognised. SEM/CDS’s joint effort to establish a platform to list, trade and settle in USD, EURO, and GBP has also been instrumental. The obtention of international recognitions by the SEM has also raised the Exchange's visibility.”

The other nominees in the “Most Innovative African Stock Exchange” category were Johannesburg Stock Exchange, Egyptian Exchange, Casablanca Stock Exchange, Ghana Stock Exchange, Nigeria Stock Exchange, Tunis Stock Exchange and Nairobi Stock Exchange.