Moroccan stock exchange launches futures market

Moroccan financial regulators announced the launch of the futures market which would help the Casablanca stock exchange attract more investors.

The launch was announced in a ceremony by bourse regulator AMMC, the finance ministry and the central bank, who all highlighted the importance of the financial instrument in the reforms launched by the country to develop the stock market into a holding company.

Futures are a type of derivatives market in which participants buy and sell commodity and futures contracts for delivery on a specified future date.

The launch of futures together with the clearing house “will complement the Moroccan capital market and bring it into the closed circle of financial centres with an integrated market infrastructure, fully playing its role in the financing of our economy”, said finance minister Nadia Fettah Alaoui.