The management company of the Casablanca Stock Exchange will be transformed into a holding company to set up an integrated infrastructure of the entire value chain, from trade to post-trade.
The objective is to allow the Moroccan Stock Exchange to have a Central Clearing House (CCP) to ensure a counterpart to operators in the context of the introduction of a futures market with derivatives and ETFs.
Explaining these changes to the press during the presentation of the 2021 strategic plan, Karim Hajji, managing director of the Casablanca Stock Exchange, estimated that the current capital of the managing company is sufficient.
No additional effort will be required from shareholders who have just put 400 million dollars on the table (40 million euros).
The management of the Stock Exchange has stated that its conviction and that of its shareholders is to launch a multiclass asset pool, capable of handling both cash and derivatives.
The 2021 strategic plan includes the listing of foreign securities, the improvement of connectivity with international financial markets and the creation of a 100% Africa fund.
