Morocco Debuts New Trade System
The next couple of days will see a new stock exchange program released. Casablanca’s stock exchange program is set to unveil Euronext’s NSC platform that will change the way stock transactions are handled. The Casablanca stock market divides into three different sectors: one for big companies, one for medium to small sized companies and one for growth stocks. Finances arrive throughout a day from the hands of domestic stock market traders as well as small Moroccan investors.
This new program in Morocco will cover activity volume, trading tools available and provide assistance for future stock transactions. In addition to these features, the new program will allow traders to “stop†transactions before being finalized. Traders will also be able to configure their profile to buy, sell and trade stocks when figures reached a user determined limit.
By far the greatest feature of the new stock exchange program is the amount of volume that will be handled each day. The current system often snags up when a large amount of trade transactions are attempting to take place at one time. Under this new program, virtually 500 stock transactions per day will be handled without a glitch in the system. This new stock exchange program will change the way brokers are able to conduct business with clients. Real life simulations of the program will be available in coming weekends. Once completed, the system is set to go live.
The related benchmark MASI index for the new stock exchange program improved 34 percent in 2007. This followed a less than impressive 71 percent index drop in 2006. Experts believe the massive drop was due in large part to a credit industry boom that swept through North African communities. This boom affected infrastructure, Morocco tourism and Morocco housing developments.
Following suit, trading volumes increased by 10.5% and Moroccan market’s capitalization tapped out at $417 billion for 2006. Experts predict initial public offerings (IPOs) will continue to rise for at least the next several years. Projections indicate the newly introduced stock exchange program will bolster IPO numbers from 73 now to over 100 by 2010.
Research indicates that IPOs will only continue to climb. This will result in more stock trading than ever before. In turn, a system needs to be in place that can handle all the transaction flow plus provide additional services to stock brokers and traders. For this reason, the new stock exchange program set for immediate release by the Casablanca stock exchange program will more than meet the rising needs of the stock market world.
by Sam Mitchell
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February 8th, 2008 at 8:50 am
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