Today, the SEM is well-positioned as an attractive capital raising and listing platform for both local and international issuers. SEM is the only Exchange in Africa and one of the rare Exchanges in the world to possess since 2011, a multi-currency listing and trading technology platform, which is also open for dual-currency trading and can list, trade and settle equity and debt products in USD, EUR, GBP, ZAR besides the local currency MUR. 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.
2001, there has been a gradual extension of the trading hours of both markets to respond to market demand and to improve SEM’s services to both local and foreign investors. Trading hours have been extended by one hour, standing from 09. On 12 June 2018, in line with its strategy to digitalise its services, SEM launched the mySEM mobile app. The mySEM mobile app aims at empowering local and foreign investors to follow the market in real-time, seize market opportunities and trade in real-time. Over the last few years, SEM’s leadership and innovative agenda has been recognised at the highest level in the continent. The Award was presented to the SEM at the NASDAQ Exchange in New York on the 18th of September. The last decade has been among the most enticing years for the Exchange in terms of new initiatives, breakthroughs and defining changes to strengthen the Exchange’s competitive position as a multi-asset class internationalized Stock Exchange and create the enabling environment for the listing and trading of niche international products.