Securities and Trading Technology (STT), a global provider of financial market solutions and software-enabled services is pleased to announce that it has been selected as the preferred solution provider for the Stock Exchange of Mauritius Ltd (SEM) to provide the Exchange with a new Automated Trading System (ATS).
Michelle de Beer, Managing Director for STT said: “We are excited to partner with a vibrant exchange such as the Stock Exchange of Mauritius. our flexible solution and ability to handle multi asset classes will allow SEM to continue innovating and creating new markets and instruments for investors, and we are certain that our state-of-the-art Automated Trading System, Surveillance and Trading Front-Ends will provide new and improved functionality to its members and investors to continue expanding their market.”
Sunil Benimadhu, Chief Executive for SEM said: “We are pleased to work with STT on the implementation of a new trading platform at the SEM. STT is a leading Financial Market Software Solutions provider in the Exchange space. This new venture relates to a number of ground-breaking initiatives implemented by the SEM in recent years to avail its key stakeholders, including investors and issuers, of improved state-of-the-art services and enhanced trading experience. This initiative also aims at further democratising the share ownership culture in Mauritius and placing the stock market within the palm reach of the retail investor.”
With the newly formed long-term partnership, both teams are in progress to have the solution live by the 1st quarter of 2022.
STT, founded in 1985, is an independent, privately-owned South Africa-based Company specialising in the development of leading Financial Market software solutions. Our core products cover Exchange Solutions, Trading Systems, Custodian Solutions, Central Depository Solutions, Risk Management and Back Office Management Systems.
STT provides Exchange Financial Solutions to a number of different Exchanges, Clearing Members, Brokers, Banks, Custodians and Fund Managers locally and abroad. We have been in operation for over 36 years and our practices, policies and processes are well proven.
For more information, please visit: https://www.stt-software.com/
The Stock Exchange of Mauritius Ltd (SEM)started its operations in July 1989 as a domestic equity-centric Exchange. SEM's transformative momentum took a new turn in 2010 when the Exchange undertook a fundamental shift of its strategic orientation, embarking with the internationalisation of its operational and regulatory framework. The outcome of this strategic shift has been quite compelling. Around 200 securities are listed on SEM, cutting across different asset-classes and issued by a diverse group of local, African and international issuers. SEM today boasts a streamlined listing regime catering for the specialist nature and requirements of a variety of asset classes. These cover equity products (ordinary/ preference shares), debt products (fixed income/floating rate debt/specialist debt products and Eurobonds), ETFs, ETNs, DRs and Structured Products. The above products are issued and listed by domestic Issuers, International Issuers, Investment entities, Specialist companies (including GBCs) and Public sector issuers.
For more information, please visit: www.stockexchangeofmauritius.com