The new Automated Trading System (ATS) of the Stock Exchange of Mauritius (SEM) is set to “go live” on 13 May 2022. Securities and Trading Technology (STT), a global provider of financial market solutions and software-enabled services, has developed the new system.
SEM will also launch a new app fully-responsive mySEM app with a new-look and feel, as well as new functionalities, according to this post on the Stock Exchange of Mauritius website. The app will be a high-end Progressive Web App accessible on any platform (desktop and mobile) using a standard compliant browser, according to Global Exchanges website.
The new trading engine by South Africa’s STT complies with all existing functional and business requirements. However, it also includes new improvements that align to the bourse’s differentiation strategy among African and global stock exchanges. The Exchange is positioning itself as the leading attractive multi-currency capital-raising and listing platform for local, Africa-focused and niche international products.
The new ATS is part-funded by a grant from the African Development Bank – for more details of the funding rationale and the strategic moves, see our previous post on this story.
It will bring greater connectivity between the SEM and South Africa’s JSE and aims to advance trading links for exchanges in the Committee of SADC Securities Exchanges (COSSE – covering the Southern African Development Community).
The new ATS supports SEM’s existing cash instruments, while also supporting new potential instruments such as futures and options.
Congrats to Stock Exchange of Mauritius and STT!