The World Federation of Exchanges enters into partnership with Bourse de Casablanca and Moroccan Ministry of Higher Education Scientific Research and Innovation to provide free data & training for students at Moroccan Universities

London, 10 October 2023 – The World Federation of Exchanges (“WFE”), the global industry group for exchanges and CCPs, and Bourse de Casablanca, the national exchange of Morocco, are honoured to announce that they will provide free market data and training to university students in Morocco as part of their mandate to foster financial literacy and enable access to public markets.

The WFE, Bourse de Casablanca and the Ministry of Higher Education, Scientific Research and Innovation (MHESRI) in Morocco signed a Memorandum of Understanding to this end, and are delighted to announce its official launch.

The WFE’s statistics and data are highly reputable and widely cited globally by government, policymakers, academics and multilateral organisations in addition to industry. The WFE Statistics Database provides users with a wide range of market indicators and data collected monthly from WFE members, affiliates and non-members. Students will be using the data for analysis or research needs in the field of capital markets, and the WFE Research team, will guide them on best practice via webinars and in training sessions.

Education is one of the four pillars of the WFE’s mandate. Financial literacy, financial inclusion and building an engaged investor community starting in the school years, is the goal of every market infrastructure around the world. This MOU, supports the development of students at Moroccan universities, encourages youth to consider the opportunities and values of public markets and promotes the efficacy of good academic research and data access.

The agreement was launched formally on 9th October by the MHESRI, Bourse de Casablanca and the WFE during the Annual Meetings of the World Bank Group and the International Monetary Fund in Marrakech.

Abdellatif Miraoui, Minister of Higher Education, Scientific Research and Innovation, Mouha Taourirte, President of Cadi Ayyad University Marrakech, Kamal Mokdad, Chairman of Bourse de Casablanca and Nandini Sukumar, Chief Executive Officer of the WFE, launched the agreement at a half-day meeting on how best to foster financial inclusion in Africa.

Nandini Sukumar, CEO of the WFE: “We are pleased to announce this project which demonstrates how we can further financial inclusion and literacy. We look forward to working closely with Bourse de Casablanca and MHESRI to ensure students get the most out of our world class data and we hope to inspire a future generation with the promise and power and inclusiveness of public markets.‘’

Kamal Mokdad, Chairman of the Board of Bourse de Casablanca: “Bourse de Casablanca is fully committed to promoting financial literacy in Morocco, as demonstrated by the agreements we have signed with the Ministry of Higher Education, Scientific Research and Innovation and the WFE. These MoU, supports the development of students in finance, builds on the success of university trading floors in Moroccan universities, encourages youth to consider the opportunities and values of public markets and promotes the efficacy of good academic research and data access. Together with our partners, we aim to build a sustainable approach to structural collaboration in terms of financial inclusion, and to make our market more attractive to young graduates, doctoral students and researchers alike.‘’

Abdellatif Miraoui, Moroccan Minister of MHESRI: "It is widely accepted that financial innovation is nourished by education and research in academic institutions. These are the foundations for the development of knowledge and expertise in the field of finance, and an appropriate space for the emergence of innovative ideas in this area."

For more information please contact:

Cally Billimore 

Communications Manager 

+44 7391 204 007

[email protected]

About the World Federation of Exchanges (WFE):

Established in 1961, the WFE is the global industry association for exchanges and clearing houses. Headquartered in London, it represents over 250 market infrastructure providers, including standalone CCPs that are not part of exchange groups. Of our members, 34% are in Asia-Pacific, 45% in EMEA and 21% in the Americas. WFE’s 90 member CCPs and clearing services collectively ensure that risk takers post some $1.3 trillion (equivalent) of resources to back their positions, in the form of initial margin and default fund requirements. WFE exchanges, together with other exchanges feeding into our database, are home to over 50,000 listed companies, and the market capitalisation of these entities is over $100 trillion; around $140 trillion (EOB) in trading annually passes through WFE members (at end 2022).

The WFE is the definitive source for exchange-traded statistics and publishes over 350 market data indicators. Its free statistics database stretches back more than 40 years and provides information and insight into developments on global exchanges. The WFE works with standard-setters, policy makers, regulators and government organisations around the world to support and promote the development of fair, transparent, stable and efficient markets. The WFE shares regulatory authorities’ goals of ensuring the safety and soundness of the global financial system.

With extensive experience of developing and enforcing high standards of conduct, the WFE and its members support an orderly, secure, fair and transparent environment for investors; for companies that raise capital; and for all who deal with financial risk. We seek outcomes that maximise the common good, consumer confidence and economic growth. And we engage with policy makers and regulators in an open, collaborative way, reflecting the central, public role that exchanges and CCPs play in a globally integrated financial system.


Twitter: @TheWFE

About Bourse de Casablanca 

Bourse de Casablanca was established in 1929. It operates under the supervision of the Ministry of Economy and Finance within the framework of a set of specifications. The mission of Bourse de Casablanca is to continuously enrich the offer of products and services, to develop and deploy a global strategy common to the various components of the stock market, to develop its infrastructure, to contribute to its development and to manage the consecutive entities of the infrastructure under the Holding.

Bourse de Casablanca is positioned among the main markets in Africa. It has a capitalization of MAD 561 billion at the end of 2022. In recent years, Bourse de Casablanca has strengthened its openness to African financial markets, as well as its relations with the continent's operators. It is an active member of the African Securities Exchanges Association (ASEA) and has held the presidency for nearly two years.

For more information, please contact:

Cally Billimore
Manager, Communications
Email: [email protected]
Phone: +44 7391 204 007
Twitter: @TheWFE