Foreign currency trading principles

SEM’s quarter century of history is therefore one where the Exchange has constantly strived to break new grounds to overcome the structural constraints of an island economy where the universe of products, investors and market participants is relatively restricted. 9 investment dealers operating on the Exchange. SEM is today connected live to a top bracket of global vendors, enabling both retail and institutional investors worldwide to follow our market on a real-time basis. Investors, wherever they are sitting in the world, can also follow our market on a real time basis and seize investment opportunities on a real time basis through SEM’s website.

In 2009, the SEM embarked upon a transformational reform involving an internationalisation strategy aiming at moving away from its historical equity-centric domestic Exchange focus to a multi-asset class international Securities Exchange status, in order to overcome the structural constraints inherent to a small jurisdiction. These two international products have the merit of offering to SEM’s local retail and institutional investors access to 500 of the largest international companies and 40 of the well-established international companies involved in the global real-estate sector. This Index acts as a tool for international investors having an appetite for responsible investment in frontier markets, while also promoting corporate sustainability amongst SEM listed issuers. Another important addition to SEM’s innovative drive relates to the introduction of dual-currency trading in 2016 on international products. The objective is to offer investors the option to trade securities that are currently only traded in foreign currency, in MUR as well. SEM-ASI is an index which tracks the price performance of all companies listed on the Official Market, including the foreign-currency denominated companies, provided they meet the free-float requirements of the SEM.