Global Board of Trade (GBOT), the first international multi-asset bourse from Mauritius has announced the successful launch of the GBOT USD/MUR weekly delivery based contract on Friday, 22nd March 2013.
The GBOT USD/MUR weekly contract offers a convenient trading unit of as small as 1000 US Dollars with weekly delivery.
This small sized and flexible USD/MUR contract on GBOT will equip banks, exporters, importers and even individuals to manage currency risk and take delivery of US Dollars and Mauritian Rupees at competitive rates.
Rinsy Ansalam, MD & CEO of GBOT, said: “With the launch of the weekly USD/MUR contract we will come closer to the currency risk management and transaction requirements of foreign investors, local exporters, importers, individuals and organisations having exposure in US Dollars against Mauritian Rupees. We expect this contract to bring down the cost of servicing smaller clients for banks when it comes to USD/MUR conversions as banks will have only GBOT as its counterpart for effecting payments and receipts.”